Audio By Carbonatix
Petroleum expert, Dr Yusif Sulemana, says government must tackle the suit by Italian oil and gas firm, Eni against the Government of Ghana with credible data.
President Nana Akufo-Addo in his response to the suit expressed disappointment with Eni stating that the matter was still being discussed.
Government believes that the amalgamation of the resources of the two oil firms on the same land could increase its revenue and optimize operations.
But Dr. Sulemana believes that, in the oil and gas field, taking entrenched positions do not entirely solve issues, but credible data should be provided.
“At the end of the day, it is data that will speak. If government of Ghana is preparing defense they should just make sure that they have credible data from the side of Springfield to buttress that these two fields are actually struggling because in this case, there are various stages that has to go through.”
“An independent body must be set up to examine, to probe the matter. And if it should be proven beyond reasonable doubt that the companies are not struggling, then Ghana is going to be a laughing stock.
According to him, unitisation is not bad, adding, Ghana has legitimate rights to do so.
Joy Business sources suggest that government is expected to submit its response on or before the 16th of September after which the court will set a date for the hearing.
Italian oil and gas firm, Eni, filed a suit at the International Tribunal in London, United Kingdom, to challenge a directive by the Ministry of Energy, asking, the oil firm to unitise Sankofa offshore oil field and Afina oil block operated by Springfield E&P, a wholly Ghanaian upstream player.
According to thesaurus, unitisation is the joint development of a petroleum resource that straddles territory controlled by different companies
In a statement filed by three renowned lawyers namely Craig Tevendale, Andrew Cannon and Charlie Morgan from Herbert Smith Freehills LLP, Eni is seeking five reliefs from the Tribunal.
The claimant wants the Tribunal to declare that the purported 9th April directive, 14th October directive, 6th November directive and any other steps taken to implement those directives represent a breach of contract under the Petroleum Agreement.
Latest Stories
-
A Tax for Galamsey: Let the laws bite – Rev Quaicoe demands swift punishment for offenders
10 minutes -
A Tax for Galamsey: We’ve gotten to a point where brute force must be applied – Elikem Kotoko
17 minutes -
A Tax for Galamsey: The anger against illegal mining is not enough – Ken Ashigbey
1 hour -
A Tax for Galamsey: The president is determined to fight this canker – Elikem Kotoko
1 hour -
Galamsey: Ken Ashigbey calls for arrest of Tano North MCE over prospective licence issuance
1 hour -
FDA clamps down on unregistered diaper products in Ho Market
1 hour -
Beyond the Hills: A different story unfolds at Ashesi University
2 hours -
Cocoa sector crisis has exposed the NDC government – Dr Amin Adam
2 hours -
A Tax for Galamsey: Gov’t should’ve been more decisive – Daryl Bosu
2 hours -
Ken Ashigbey urges more investigative journalism to curb galamsey
2 hours -
Dr Gideon Boako announces reconstruction of Yamfo Market
2 hours -
Norway’s former PM charged with gross corruption over Epstein links
2 hours -
Minority urges gov’t to restore promised cocoa price
2 hours -
Politicisation of Cocobod led to its crisis – Prof Prempeh
2 hours -
A Tax for Galamsey: Ashanti Reg. Min. calls for ‘natural justice’ over calls to interdict Amansie DCE
2 hours
