IMANI Goofed; Ghana wins instead in energy agreement Aker – Minister of Energy | Policy

The government said the IMANI political think tank had made a blunder by seeking to challenge parts of the contractual agreement between the Ghana government and Aker Energy.

During a recent outreach program, IMANI challenged various acts of omissions by the Government of Ghana with respect to the development plan submitted by Aker Energy and on behalf of all contracting parties to the company. 39. Petroleum Agreement (AP). covering the Deep Water Tano / Cape Three Points contract area (DWT / CTP).

At a press conference in Accra, Energy Minister John Peter Amewu called IMANI's claims of total lies.

In providing some basic information on the agreement, Amewu said that the PA covering the DWT / CTP contract area operated by Aker Energy had been executed on 8 February 2006 between the Ghana government, the GNPC, AMERADA HESS Corporation, Lukoil and FUELTRADE. 2015.

He revealed that Fueltrade's stake was set at 2% and that it was paying about 9 million USD with a performance guarantee of 2 million USD.

"The contract area has 7 discoveries, namely north pecan, almond, cob, beech, pecans, paradise and hickory north. The first five are oil discoveries, while Paradis and Hickory North are gas discoveries. Aker Energy acquired the participation of AMERADA HESS Ghana Limited in February 2018 and continued unfinished work as part of the HESS evaluation program, "he added.

Is GHANA DRILLING 30 BILLION DOLLARS

The energy minister blamed Imani for misinforming Ghanaians about a $ 30 billion potential loss for the country if the government failed to negotiate a new oil deal.

"IMANI has been trying to warn Ghanaians of the potential loss of $ 30 billion for the country if the government fails to negotiate a new oil deal with new terms with DWT / CTP partners. It's absolutely wrong, "he said.

Amewu revealed that Aker Energy, on behalf of its partners, had announced, after a successful badessment of the discovery of the Pecan deposit, a significant oil discovery, as illustrated below. As a result, it is estimated that the existing discoveries contain gross contingent resources (2C) of 450 to 550 million barrels of oil equivalent.

How did IMANI badess the land at $ 30 billion?

Questioning about the value of the field to $ 30 billion, the Energy Minister told IMANI simply multiplied the alleged price of $ 65 per barrel by 450 million barrels.

"This highlights the weaknesses of IMANI's badysis and its poor understanding of the oil economy. The 450 million barrels of oil equivalent are gross contingent resources, which are the potential resources available that can not all be recovered with current technology. IMANI wants us to believe that every 450 million barrels of oil equivalent will be produced, but fails to explain how that can be, "said Amewu.