Graphic Online
BY: Dotsey Koblah Aklorbortu
705
Some stakeholders in the oil and gas industry have urged the government to urgently resolve the impasse between the local subsidiary of Italian oil company, Eni Ghana, and indigenous private exploration and production company, Springfield E&P, in the national interest.
More than a year after the government directed the two companies to link (unitise) their neighbouring discoveries, that has not been done due to a disagreement.
Springfield’s Afina field was discovered in the West Cape Three Points (WCTP2) while Eni’s Sankofa field, was discovered in the Offshore Cape Three Points (OCTP).
ENI increases its Ghanaian oil output by 34% to 52,000bpd ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
A general introduction to oil and gas law in Ghana
Introductioni Historic overview
The upstream oil and gas activities in Ghana consist of exploration, development and production of oil and gas. These activities are undertaken in five sedimentary basins within Ghana s territorial areas made up of the Tano Basin and Cape Three Points Basin in the Western Region (mostly referred to together as the Western Basin), the Saltpond Basin in the Central Region, the Accra/Keta Basin and the Inland Voltaian Basin. The Western Basin, Saltpond Basin and Accra/Keta Basin are all offshore and have been explored. The Inland Voltaian Basin is onshore and has not been really explored.