PIAC excuses for the direct negotiation of oil blocks

The Public Interest and Liability Committee (PIAC) refuted claims by some oil and gas companies that the poor quality of oil block data requires them to use direct rather than competitive auctions .

Steve Manteaw, President of PIAC, stated that the claim could not be a good justification because the principles of direct negotiation differ from those of auctions.

Dr. Manteaw commented on the sidelines of the launch of the civil society scorecard report for Ghana's first oil and gas operation upstream.

Energy Minister John Peter Amewu also explained in June 2019 that the lack of data and the poor quality of the data discouraged attracting the big oil giants in Ghana's oil and gas bidding process. .

At the stakeholder meeting in Accra on the review of legislation, he said: "Our basins are not risk free, there are still significant data gaps and poor quality. Datas. Many companies continue to criticize our tax system. "

As part of the first cycle of oil and gas licensing, the Ministry of Energy has invited oil and gas companies to bid for direct negotiations without a call for public tenders regarding two of the blocks. GH_WB_05 and GH_WB_06 located off Ghana.

Ten companies were selected after the submission of bids for the direct negotiation of oil blocks.

Pursuant to Rule 16 (2a) of the Petroleum (Exploration and Production) Regulations (General), LJ 2359, the first cycle of oil and gas licensing is for the Government of Ghana to have a Significant participation interest, as defined in the evaluation. Criteria.