One month after it signed a Petroleum Agreement with ExxonMobil, the Ghanaian government is being called on to defend its contents as well as a decision to enter a contract outside of the country’s procurement system.
On January 18, the government of Ghana granted ExxonMobil exploration and production rights for its Deepwater Cape Three Block a 336,000 acre block located 57 miles off the coast its western region. The company is expected to start its exploration activities fully after Parliament ratifies the deal.
The Ghanaian News Agency (GNA) reports that under the agreement, Exxon will carry out the work programme as operator and hold 80% of interest while the Ghana National Petroleum Corporation (GNPC) will hold 15%. The final 5% will belong to a Ghanaian company which Exxon and the government will identify.
Government is also
