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    10,603 jobs created under 58 one district, one factory projects

    62 illegal miners arrested in Ahafo region

    Ghana Beverage Awards 2019 launched  to promote local beverages 

    Owner of Jamboree Farms, Johnson Yeboah.

    Local poultry farmers can meet demand with better gov’t support – Jamboree Farms CEO

    Seloart Group opens state-of-the-art sign making factory, Corporate Head Office in Accra

    CEOs divided over impact of financial sector clean-up —Oxford Business Group survey

    High interest rates stifling economic growth – Akufo-Addo

    Banking sector clean-up saved 7,000 jobs — Prez. Akufo-Addo

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    10,603 jobs created under 58 one district, one factory projects

    62 illegal miners arrested in Ahafo region

    Upfield launches new BlueBand 10kg Margarine with rich buttery flavour

    #OperationFeedYourself: Christmas Made in Ghana Food Fair comes off today

    Owner of Jamboree Farms, Johnson Yeboah.

    Local poultry farmers can meet demand with better gov’t support – Jamboree Farms CEO

    Seloart Group opens state-of-the-art sign making factory, Corporate Head Office in Accra

    CEOs divided over impact of financial sector clean-up —Oxford Business Group survey

    High interest rates stifling economic growth – Akufo-Addo

    Banking sector clean-up saved 7,000 jobs — Prez. Akufo-Addo

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    Dr. Mahamudu Bawumia, Vice President.

    We’re disrupting corrupt behaviour in public service delivery through digitization – Bawumia

    Bawumia outdoors project to allow instant verification of motor insurance

    GSS partners Vodafone & Flowminder to produce reliable data for sustainable development

    How major tech companies exploit tax laws: a focus on Ghana and Nigeria

    Virtual Security Africa installs modern CCTV System for University of Ghana

    Huawei Y9s available after initial sell-out in 4 hours of release

    The Business of Customer Engagement and the Kirusa Konnect Solution

    Experience the all-new Huawei Y9s with super high-end features

    NCA sanctions against MTN over data bundle challenges not enough – Group

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    Svein Jakob Liknes

    Aker Energy appoints Svein Liknes as new CEO

    epa08024130 (FILE) - An image showing an Uber app on a mobile phone in central London, Britain, 22 September 2017 (re-issued 25 November 2019). Media reports on 25 November 2019 state the Transport for London (TfL) has said it would not continue to grant Uber a licence to operate in London. Uber, that first lost its licence due to safety concerns in 2017 but received a 15-month license for operating in London, said it would appeal the decision. Uber, that has some 45,000 drivers working in London, will continue to operate during the appeal process.  EPA/WILL OLIVER *** Local Caption *** 54443222

    Uber loses licence to operate in London

    Nigerian entrepreneur wins maiden Netpreneur award organized in Ghana

    West African CFA-Franc nations plan to move reserves from France

    WhatsApp and Instagram to undergo a Facebook face-lift

    McDonald’s boss Steve Easterbrook fired after dating employee

    Dr. Joseph Obeng - President, GUTA

    Allow Ghanaian traders stuck in Nigeria to move out — GUTA

    MTN reveals revenue growth despite drop in subscribers

    New report attributes rising e-commerce to expanding middle-class, tech savvy young people

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  • Home
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    • Agriculture
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    10,603 jobs created under 58 one district, one factory projects

    62 illegal miners arrested in Ahafo region

    Ghana Beverage Awards 2019 launched  to promote local beverages 

    Owner of Jamboree Farms, Johnson Yeboah.

    Local poultry farmers can meet demand with better gov’t support – Jamboree Farms CEO

    Seloart Group opens state-of-the-art sign making factory, Corporate Head Office in Accra

    CEOs divided over impact of financial sector clean-up —Oxford Business Group survey

    High interest rates stifling economic growth – Akufo-Addo

    Banking sector clean-up saved 7,000 jobs — Prez. Akufo-Addo

    Boost domestic revenue to achieve Ghana Beyond Aid — World Bank

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
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    • Oil And Gas
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    10,603 jobs created under 58 one district, one factory projects

    62 illegal miners arrested in Ahafo region

    Upfield launches new BlueBand 10kg Margarine with rich buttery flavour

    #OperationFeedYourself: Christmas Made in Ghana Food Fair comes off today

    Owner of Jamboree Farms, Johnson Yeboah.

    Local poultry farmers can meet demand with better gov’t support – Jamboree Farms CEO

    Seloart Group opens state-of-the-art sign making factory, Corporate Head Office in Accra

    CEOs divided over impact of financial sector clean-up —Oxford Business Group survey

    High interest rates stifling economic growth – Akufo-Addo

    Banking sector clean-up saved 7,000 jobs — Prez. Akufo-Addo

  • Telecoms/Technology
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    • Technology
    Dr. Mahamudu Bawumia, Vice President.

    We’re disrupting corrupt behaviour in public service delivery through digitization – Bawumia

    Bawumia outdoors project to allow instant verification of motor insurance

    GSS partners Vodafone & Flowminder to produce reliable data for sustainable development

    How major tech companies exploit tax laws: a focus on Ghana and Nigeria

    Virtual Security Africa installs modern CCTV System for University of Ghana

    Huawei Y9s available after initial sell-out in 4 hours of release

    The Business of Customer Engagement and the Kirusa Konnect Solution

    Experience the all-new Huawei Y9s with super high-end features

    NCA sanctions against MTN over data bundle challenges not enough – Group

  • World
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    • Africa
    • Asia
    • Europe
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    Svein Jakob Liknes

    Aker Energy appoints Svein Liknes as new CEO

    epa08024130 (FILE) - An image showing an Uber app on a mobile phone in central London, Britain, 22 September 2017 (re-issued 25 November 2019). Media reports on 25 November 2019 state the Transport for London (TfL) has said it would not continue to grant Uber a licence to operate in London. Uber, that first lost its licence due to safety concerns in 2017 but received a 15-month license for operating in London, said it would appeal the decision. Uber, that has some 45,000 drivers working in London, will continue to operate during the appeal process.  EPA/WILL OLIVER *** Local Caption *** 54443222

    Uber loses licence to operate in London

    Nigerian entrepreneur wins maiden Netpreneur award organized in Ghana

    West African CFA-Franc nations plan to move reserves from France

    WhatsApp and Instagram to undergo a Facebook face-lift

    McDonald’s boss Steve Easterbrook fired after dating employee

    Dr. Joseph Obeng - President, GUTA

    Allow Ghanaian traders stuck in Nigeria to move out — GUTA

    MTN reveals revenue growth despite drop in subscribers

    New report attributes rising e-commerce to expanding middle-class, tech savvy young people

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More hurdle for Eni, Vitol despite winning bid to explore oil in Deep Tano Basin

by Nana Oye Walton Ankrah
July 11, 2019
2 min read
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Despite winning the bid to explore oil in block 3, of the Deep Tano Basin, petroleum companies ENI and Vitol would still have to meet other regulatory requirements before they can sign a contract with the government to begin operations.

The Energy Ministry which revealed this to Citi Business News said it is currently in negotiations with the companies over some regulatory requirements that were not captured in the bidding process.

The two companies have been awarded the rights to explore oil on one of the blocks put up for the first bidding round by the Energy Ministry while the winners of the two remaining blocks, also up for bidding, are yet to be announced.

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While explaining why ENI and Vitol were selected winners of block 3, Deputy Energy Minister, Mohammed Amin Adam said the companies would have to meet other regulatory requirements before a petroleum agreement would be signed.

The Deputy Minister stated that the biddable items included a well programme.

“By well programme, we mean how many wells do they want to drill within what time, what amount of seismic data do they want to acquire. We also have physicals such as royalties they have to pay, corporate taxes, free carried interest — the law puts it at 15%, but if a bidder will give more we will consider that in the evaluations.

Then the third factor is local content — to train more Ghanaians and to add value.  So, these are the items that we consider in selecting the winner.  Of course, ENI is considered the more responsive bid and the government is going to negotiate with them on those areas that are negotiable.

You know, you bid certain areas and there are other areas to be negotiated. When we negotiate with them and we are all satisfied with the outcome, we go ahead and sign the petroleum agreement,” he added.

Tags: Deep Tano BasinENIVitol

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