The Public Interest and Accountability Committee (PIAC), has debunked assertion by some oil and gas companies that the poor data quality on oil blocks is compelling them to go for direct negotiation rather than competitive bidding.
Chairman of the PIAC, Dr. Steve Manteaw has voiced that, the claim cannot be a good justification because, the principles of going into a direct negotiation are different from competitive bidding.
Dr. Manteaw made the comment on the sidelines of the launch of the civil society scorecard report on Ghana’s first upstream oil and gas round.
The Energy Minister John Peter Amewu in June, 2019 also explained that, significant data gaps and low data quality are disincentives to attracting major oil giants in Ghana’s oil and gas bidding process.
He made this known while speaking at the legislative review stakeholder meeting held in Accra, stating, “Our basins are largely not de-risked, significant data gaps and low data quality still exist, and many companies continue to site our fiscal regime as disincentives.”
As part of the first oil and gas licensing round, the Ministry of Energy has invited bids from Oil and Gas companies, for direct negotiations without a public tender in respect of two of the Blocks GH_WB_05 and GH_WB_06, offshore Ghana.
This saw ten companies been selected after submission of bids for direct negotiation of the oil blocks.
The objective of the first Oil and Gas License Round, pursuant to Regulation 16 (2a) of the Petroleum (Exploration and Production) (General) Regulations, LJ 2359, is for the Government of Ghana to have significant participation interest as defined in the evaluation criteria.