โWe do not support any arrangement that disadvantages our people. In the current set up, our Nzema community bears the risk of losing its land. However, it has no upside and no guarantee of future and ongoing royalties or profits for Nzema.โ
In Cote dโIvoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
While Aker Energy has attributed delays at Pecan to Lukoil, the company has faced other problems. The companyโs first plan was seen as overly aggressive and politically unpalatable, forcing it to rethink development.
โWith higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.โ
Tullow Oil is seeking arbitration over $387 million in tax assessments it received from Ghana, part of the cash-strapped governmentโs review of past payments by some of the West African nationโs largest companies.
Asante commented that the plant would help supply gas in a cost effective fashion, securing a โreliable supply of gas and derivativesโ in Ghana and beyond.
Treasury has estimated it could โresult in around $6 billion in annual savings for the 17 largest net oil-importing African countries. We are seeing examples of emerging markets saving even more by using the price cap to negotiate steeper discounts with Russia. And we encourage more countries to do the same.โ
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC).
Aker Energy has six weeks to submit a plan of development for its Pecan project, offshore Ghana, while facing challenges over Russian Lukoil's involvement.
A Ghanaian court has ordered the government to halt payments to Eni and Vitol, amidst the ongoing legal dispute with local company Springfield Exploration & Production.