The confirmation by Tullow Ghana of a new gas reserve, estimated to hold between 1.5 and two trillion cubic feet (TCF) of the hydrocarbons offshore Cape Three Points in the Western Region is one of the trending stories in the Ghanaian press on Monday.
The Graphic reports that Tullow Ghana has confirmed the discovery of a new gas reserve, estimated to hold between 1.5 and two trillion cubic feet (TCF) of the hydrocarbons offshore Cape Three Points in the Western Region.
The new non-associated gas reserve is located within the Tweneboa, Enyenra, Ntomme (TEN) and the Jubilee fields.
The Managing Director of Tullow Ghana Limited, Wissam Al-Monthiry, made this known during a virtual interaction with journalists last Friday on the merger between Tullow Oil PLC and Capricorn Energy PLC.
He said although the company had appraised the richness of the gas reserve – a natural gas field, which has no crude oil associated, “I must say we do not have the right to drill it yet as per our petroleum agreement, but it is within TEN and Jubilee reservoirs.”
According to the Petroleum (Exploration and Production) Act, 2016 (Act 919), oil companies do not have the right to produce hydrocarbon finds other than what they set out to explore in their initial agreement.
That means if the company’s agreement covers petroleum exploration and it finds gas-only reserves, it has to return to the negotiation table for a new agreement over the resource before it can exploit it.
“All these gas put together, we see an opportunity to be exporting consistently, between 250-mmscf and 300-mmscf of combined associated and non-associated gas for the foreseeable future from Jubilee and TEN,” Mr Al-Monthiry said.
The newspaper says that ahead of the Graphic Business-Stanbic Bank Breakfast Meeting on unemployment, an economist, Dr Sam Ankrah has called on the government to take pragmatic steps to ensure that the country adds value to all of its raw materials before exporting them.
He said with such a deliberate policy, more companies would be set to create job avenues for the mass of the people and reduce the present unemployment figures to the barest minimum.
“We must add value to all raw materials instead of exporting them.
When we do that, we will see more industries and these industries will create several jobs for our people.
“We have been saying this for far too long but nothing concrete has been done to actualise it. The time is now in view of the global uncertainties which is worsening the unemployment situation for our country and others,” Dr Ankrah, who is also the President of the African Investment Group, said in an interview with the Daily Graphic.
The second quarter breakfast meeting which is on the theme; “Tackling Unemployment to Create Wealth – Opportunities for Ghana” comes off on Tuesday, June 14, at the Movenpick Ambassador Hotel in Accra.
The panel members for the event are Dr Adu Owusu Sarkodie, Economics Lecturer, University of Ghana, who will speak on Sources and Causes of Unemployment while Florence Hope- Wudu, Managing Consultant, Purple Almond Consulting Services, will share perspectives on Existing and New Opportunities. Nana Osei Bonsu, President of the Private Enterprises Federation will speak on the topic, Avenues for Jobs and Wealth Creation.
Sponsored by Stanbic Bank Ghana, the breakfast series which has grown to become one of the country’s most sought-after thought-leadership events is meant to discuss issues of national importance to help policymakers to make informed decisions on the teething issues bedevilling the country.
Other partners for the event are GraphicOnline, GraphicNewsPlus App, Joy News, Joy FM and TV3.
The Graphic also reports that a four-member delegation of the Committee of Constitutional, Legal and Parliamentary Affairs of Parliament will today begin discussions with the Commonwealth Parliamentary Association (CPA) on the anti-gay bill currently before Parliament.
The delegation, led by the Chairman on the committee, Kwame Anyimadu-Antwi, left Accra yesterday for London for the talks.
The Promotion of Proper Human Sexual Rights and Ghanaian Family Values Bill, 2021 has generated national conversations. The anti-gay bill seeks to criminalise LGBTQ+ sexual relationships and associations.
It also seeks to criminalise a wide range of non-heterosexual conduct and habits and any advocacy for or in support of LGBTQ+ rights or persons.
Speaking with the Daily Graphic on Sunday, June 12, 2022, before leaving the country, Mr Anyimadu-Antwi said the meeting would also discuss “other issues”. He explained that the invitation to the committee was extended through the Speaker, Alban S.K. Bagbin.
Consequently, he said, four members of the committee, including himself and the ranking member, Bernard Ahiafor, would attend the meeting, which is scheduled to begin from today, Monday, June 13, to Wednesday, June 15, 2022.
Mr Anyimadu-Antwi said the invitation to the committee was extended by the CPA, not the British Parliament, as reported in a section of the media.
He said the CPA, of which Ghanaian parliamentarians were members, was headquartered in the UK and added that Ghana’s Parliament was not subservient to the British Parliament, as the media reports sought to portray.
The Ghanaian Times says that in a bid to provide financial literacy and dealing poverty among countries, the Global GT, a hybrid forex and cryptocurrency broker has patterned with Elvis Justice to achieve the aim of providing individuals with the needed financial know-how in transacting trade online.
Global GT, headquartered in South Africa sealed the partnership deal with Elvis Justice this week, in preparation for his world tour in 2022, as an avenue for empowering the youth and young adults in their online business transactions.
Elvis Justice Bedi, the renowned online trading dynamo was optimistic that, patrons who would register for this free seminar would stand a chance of financial breakthrough in their day-to-day online business transactions.
The world tour 2022, encompasses a staunch knowledge-driven sections that would address the areas of crypto, stock, forex among others in order to help achieve a stabilised online trade that yields maximum output for traders.
Christened ” Learn to earn”, the world tour slated for Ghana’s edition would empower patrons to turn their phones into Automated Teller Machine (ATM) by acquiring the needed skills from Elvis Justice Bedi, the Ghanaian Russian based online trader.
The seminar is expected to draw scores of seasoned crypto and forex experts to provide in depth knowledge and the needed tool to breakthrough the trading activities embarked.
Scheduled to take place at the Kwame Nkrumah University of Science and Technology on July 16, the seminar would help provide knowledge to persons living at Kumasi, Ghana.
In other African countries including South Africa and Nigeria, the world tour 2022 would be held on July 9 and 29 to 31st respectively in the countries mentioned above.
GIK/APA