Aker and Hess do not work illegally – ACEP

Company News from Wednesday, May 1, 2019

Source: www.Ghanaweb.com

2019-05-01

The African Center for Energy Policies (ACEP) refuted the claims of the think tank IMANI Africa that Aker Energy Ghana Limited and Hess were operating illegally.

At a press conference held Thursday, IMANI said its audits had revealed that Aker Energy was exploring oil in wells not included in the oil deal with the company. government, describing the operation as illegal.

He therefore asked the government to review the contract to ensure that Ghana benefited from it, pointing out that the country was facing a potential loss of $ 30 billion if the government did not renegotiate the oil deal.

But a statement by CAPE published and signed by Benjamin Boakye, director of operations and resource mobilization, describes IMANI's claims as false.

He says, "On paper, those who argue that the initial seven-year exploration period has expired are right. But ACEP can badert with authority that Hess, and later Aker, has not been engaged in illegal activities for 6 years in the contract.

This also proves the fact that Hess has not begun to benefit from extensions at the back of the preliminary injunction of the International Tribunal for the Law of the Sea (ITLOS) issued in 2015. If Someone believes that drilled badessment wells are illegal, apparently is a lack of understanding of the agreement. "

Below the complete statement