George Loh congratulates Imani for alarming oil discovery Aker Energy



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News from Sunday, April 28, 2019

Source: citinewsroom.com

2019-04-28

George Loh 5 George Loh, former Member of Parliament for North Dayi

A lawyer and former Member of Parliament for North Dayi, George Loh supported IMANI Africa's decision to sound the alarm over Aker Energy's oil transactions in Ghana, although the government said the claims were unfounded. .

Mr. Loh, in The Big Issue, said, "It is absolutely right to raise the flags when you learn some information."

Regardless of the veracity of the concerns raised, the former legislator of the National Democratic Congress also said: [IMANI] you do not have to be right all the time. "

This is because he believes that IMANI's petroleum agreement claims have led to a more in-depth review of Aker Energy.

"For me, the important thing is that, on the basis of their concerns, the Petroleum Commission also claims that they are not happy with all the conditions … and that they therefore call Aker . "

Aker Energy announced the discovery of oil in the Pecan South-1A Deepwater Tano Cape Three Points (DWT / CTP) well off Ghana.

Aker Energy is the field operator with a 50% stake for which it has recently submitted a $ 4.4 billion development plan to the government for approval.

But IMANI said that there were delays in sending the proposed development plan (DDP) to the government and that the think tank was concerned that the fact that the Ministry of Energy does not respond to the proposal within the 30 days provided by the law to lose its rights.

He said that a revenue potential of $ 30 billion from new oil wells was at stake.

But the government said that IMANI's claims were false.

Energy Minister Peter Amewu criticized Imani for misinforming Ghanaians about the potential loss of $ 30 billion.

IMANI had said that the government had waited until Thursday, April 25 to respond to the proposal, one day after sounding the alarm.

In response to the statement that the ministry had until Thursday not to respond to the DDA, the minister said the proposal submitted on March 28 had not even been accepted.

Still on The Big Issue, Deputy Information Minister Pius Hadzide said the problem had been resolved and claims were unfounded.

"The question is settled and the government says that [despite] the concerns that you may have with the DP as submitted by Aker, we do not accept it [Aker the propsal] in this way if [they should] make changes. "

A 45-day ultimatum had been given for a new proposal from Aker, also noted Mr Hadzide.

But Mr. Loh was of the opinion that the government was probably out of time.

"It was also possible that the government fell asleep, the 30 days would have pbaded and nothing would have been done."

In addition, Mr. Loh said that "this discussion could even lead to a more detailed agreement than the government might have obtained, because now the experts are talking about it".

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