A letter issued to Ghana’s Ministry of Energy, Dr. Matthew Opoku Prempeh and copied to the Petroleum Commission and Ghana National Petroleum Corporation, (GNPC) explained, the company was unwilling to enter an extension of the contract originally signed in 2018. “EMEPGL also confirms that it hereby resigns as Operator for the DWCTP Block and that it has fully performed the relevant Minimum Work Obligation under the Petroleum Agreement. The above is without prejudice to the EMEPGL’s accrued rights,” it added. ExxonMobil prior to formally withdrawing its activities in Ghana controlled 80 percent of the Deepwater Cape Three Point Block with the Ghana National Petroleum Corporation holding 15 percent and Goil Offshore Ghana Ltd having the remaining 5 percent. It measures approximately 366,000 acres (1,482 square kilometres) in water depths ranging from 5,085 feet to 9,350 feet (1,550 meters to 2,850 meters).

Source: GhanaWeb May 31, 2021 16:26 UTC