Michael Nana Yaw Sarpong, I heard one Nana Yaw Twum-Barimah, who apparently speaks for the NPP making certain wild fictitious claims about Ghana shares in the Jubilee Field. It was shockingly laughable to hear him claim that there are about five partners in the venture and Ghana receives about 11% from each of them, therefore making 55%. I think as communication director of NPP (UK), you can try and ensure that folks who communicate for your party on radio are factual and not out of expediency. In fact, this is not the first time I have heard such incorrect propositions of Ghanas share made by some of your NPP guys on radio in the UK ... CORPORATE TAXES AND ROYALTIES SHOULD BE SEPARATED FROM THE RAW SHARE OF THE OIL LIFTED FROM THE GROUNDS BECAUSE THE FORMER ESPECIALLY IS A FUNCTION OF OTHER VARIABLES. Who Owns the Oil? ??????????????? Deepwater Tano Block Tullow Oil & Gas (Operator) 49.95%, Kosmos Energy 18%, Anadarko Petroleum Corporation 18%, Ghana National Petroleum Corporation 10%, Sabre Oil & Gas 4.05%. West Cape Three Points Kosmos Energy (Operator) 30.875%, Anadarko Petroleum Corporation 30.875%, Tullow Oil & Gas 22.896%, Ghana National Petroleum Corporation 10%, EO Group 3.5%, Sabre Oil & Gas 1.854%. Jubilee Field (located in both blocks) Tullow Oil & Gas (Operator) 34.705%, Kosmos Energy (technical operator for development) 23.491 %, Anadarko Petroleum Corp. 23.491%, Ghana National Petroleum Corporation 13.75 (10% carried interest, potential 3.75% working interest, if they decide to apply for their back-in right within 60 days after production started), Sabre Oil & Gas 2.813 %, EO Group 1.75% (BUT SOLD OFF TO TULLOW IN 2011). [Offshore-Technology, 2011]
Posted on: Wed, 10 Sep 2014 19:06:57 +0000