Mr Amewu has cautioned companies that will be engaging in the process of bidding for the six oil blocks to abstain from giving out false information if they continue to do so they will be disqualified.
As reported by the Minister of Energy government wants to promote the existing honesty and clarity in the process of bidding and will not condone any mishaps.
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“I would like to warn that companies that submit false information or will attempt to manipulate the process to their advantage will be disqualified,” he said
President of Ghana Akuffo Addo launched the first ever oil and gas licensing rounds bid evaluation and negotiation (LRBEN) and with a stern warning he cautioned passive investors in the oil sector that their agreement are at a risk of being terminated
Nine oil blocks have drawn out so far but only three blocks will be administrated through the open competitive tender.Two of them will be handed over through direct negotiations whiles one will remain for the National Oil Company.
GNPC is expected to explore its block in partnership with a chosen strategic partner with the view to develop its technical capacity to become an operator.
This brings us to six oil blocks to be given out in the first licensing round of bidding.
The other three are expected to be auctioned in the second round at a date yet to be fixed.
Speaking at the launch, Energy Minister John-Peter Amewu made an exeptional appeal to indigenous Ghanaian companies in the oil and gas sector to take advantage of the process by forming partnerships and aspiring for the oil blocks.
He further explained that government had placed an additional payment on the existence of the local content regulations, and therefore expects Ghanaian participation in the bidding process to be higher.
” I will like to make a special call to these indigenous Ghanaian companies to come onboard..take advantage of the several opportunities in the upstream sector as this government has placed premium on Ghana content and Ghanaian participation’s in our natural resources.”
