Ghana: Kosmos, GNPC settle

摘要

WITH THE FIRST official flow of oil from Ghana's lucrative Jubilee offshore field mid December, exploration/ production partners: Government of Ghana, state-owned Ghana National Petroleum Corporation (GNPC) and Kosmos Energy of US, the technical operator have reached a settlement that could lead to Kosmos resurrecting its bid to sell her 23.491 per cent interest in the field. The agreement signed by Dr. Joe Oteng-Adjei, Ghana's Minister for Energy, Ato Ahwoi, Chairman of GNPC, and Brian F. Maxted, Kosmos Chief Operating Officer, for Kosmos Energy, late December 2010 in Accra includes an assurance by then Attorney-General, Mrs. Betty Mould-Iddrisu that Kosmos is "neither a subject nor a party to any criminal action" which puts the company in a position to attract buyers to meet its financial obligations to equity fund managers, Blackstone Group and Warburg Pincus, its backers.