The Ministry of Energy has taken a swipe at former president John Dramani Mahama for accusing the New Patriotic Party and president Nana Akufo-Addo of greed which he stated has resulted within the redundancy of the TENs and the Sankofa Gye Nyame Fields.
Responding to the previous president’s accusations, the Public Affairs Unit of the Ministry in a 17-level press assertion stated it’s unfaithful that the Mahama administration produced substantial oil from the 2 oil fields which have now been run down by the Akufo-Addo administration.
The Ministry stated the successes and fields and subsequent oil lifting that Mahama sought to take credit score for have been all began by former president John Agyekum Kufuor and the NPP.
“Ghana’s second producing oilfield, the TEN Fields, got here into existence between 2009 and 2012, following the Tweneboa, Enyenra and Ntomme discoveries. The Deep Water Tano Petroleum Agreement which introduced the TEN Discoveries into existence was signed in 2006 when Mr. J.A. Kufuor was President. The TEN discoveries underwent value determinations following which there was discipline growth culminating within the first oil in 2016. For the data of John Mahama and his followers, cumulatively, it took 5 (5) years from discoveries to manufacturing for the TEN Fields to begin producing oil for Ghana.
“Regarding the Sankofa-Gye Nyame Fields, the Offshore Cape Three Points Petroleum Agreement that brought it into existence was signed in 2006 under Mr. J.A. Kufuor’s presidency. The Gye Nyame discovery was made in 2009 whilst the Sankofa East discovery was made in 2012, First oil from the Sankofa Gye Nyame Filed was poured on May 20, 2017. It took five (5) years for Sankofa East discovery to reach the first oil post-discovery.”
Former president Mahama tweeted that the NDC “bequeathed to the Akufo-Addo government two new oil fields, TEN and Sankofa. Greed and ineptitude as against national interest means a sad reality of no additional production activity in our upstream oil sector in the last 7 years.”
The Ministry of Energy countered the accusation and stated “under the Mahama presidency, at least 11 Petroleum Agreements were signed before he left office. Of these 11, none is producing oil as of today. This is a shameful record of John Mahama which he and his followers cannot justify under any circumstances. Indeed, in attempts to revive petroleum activities, the Ministry of Energy has terminated four of such John Mahama era Petroleum Agreements and made them available to prospective investors.”
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