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Govt studying Exxon-Kosmos deal

Comment: Re: TO KOBENA

Author:
Kobena
Date:
2009-10-08 08:11:56
Comment to:
TO KOBENA


Akosua,
Kosmos was one of the few companies that kept faith with Ghana by risking to undertake deepwater exploration in Ghana, when all the major multinationals had given up on Ghana. In fact they were literally begged to come to Ghana by one George Owusu, whom I hear the NDC government is now trying to hound out of his legitimate investment in the industry.

They did expensive 3D seismic, which no company had been prepared to do in Ghana's deep water up to that point. So they signed a very risky PSA (Production Sharing Contract), which has paid off and made all their owners multi-millionaires.
That is the nature of the industry, "Who dares wins!"
Have a nice day.

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10-08 04:51
 
 
 
 
 
 
 
 
Re: TO KOBENA
Kobena
10-08 08:11
JAH-jerry >>>>>>>>>>>>>>>>>>>>
10-08 09:05