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Exxon Buys Kosmos' Ghana Oil Field Stakes

Comment: It means the little guys .....

Author:
Kaakyie_Nua
Date:
2009-10-06 17:56:54
Comment to:
What does it mean?


Have done their bit and the "big players" the likes of Exxon/Mobil etc have come in to take over.
They have paid Tullow a decent price plus handsome profit for the leg work they have done.
The trouble for Ghana is that the value of this find on paper has shot up substantially when nothing has changed in terms of the physical assets on the ground.
Look, I am sure made all kinds of promises to the local residents and the govt and we live to see if Exxon/Mobil will honour all of them.
Look at it this way: Instead of the corner mechanic servicing ur automobile, u have a delearship taking care of it. Do u think ur maintenance costs are going to be lower? Remmember the R&D operations take place in the home country and the local operations have no say how much they have to pay headquarters in the States.
True a similar thing would have transpired under Tullow but to a much lesser degree. U see size matters a lot in business dealings.

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10-06 14:58
 
 
 
 
It means the little guys .....
Kaakyie_Nua
10-06 17:56