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Alex Mould cautions gov’t on LNG re-gas contract

Alex Mould cautions gov’t on LNG re-gas contract
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Posted July 14, 2019 | by admin |in Oil and Gas

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Irresponsible announcement of ‘take-and-pay’ will scare investors – Alex Mould
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My Profile

With over 30 years of international energy and banking experience, Alexander Mould is widely regarded as one of Africa’s leading authorities on energy, economic and leadership issues.

Formerly the Chief Executive Officer of GNPC (Ghana National Petroleum Corporation), the national oil company for Ghana, Alexander was charged with developing GNPC into an independent and world-class operator, through the execution of an accelerated growth strategy.

 

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  • Lastly, it seems from the various reports Ministry of Finance has released, that GoG is actually under reporting the amount of Oil sold and consequently under reporting the amount of our oil contribution to our GDP! If any other company in Ghana under reported its revenue, GoG would have clamped down on it. Let’s do the right thing, please!! https://citinewsroom.com/2019/12/alex-mould-writes-govt-under-reporting-revenue-from-sankofa-oil-field/
  • “What we think, we become.” — Buddha. #happyweekend
  • #ResetGhana
  • Africawatch magazine summarizes our fight against STATE CAPTURE in its latest edition... grab a copy #statecapture
  • #AGhanaThatWorks @officialjdmahama
  • RE: KUFUOR GAVE GHANA THE BEST OIL DEAL – ALEX MOULD My attention has been drawn to a misleading news report published online, following my presentation last Tuesday at the University of East London’s maiden oil and gas conference in London on the subject "Can Ghana Avoid The Oil Curse?" The said report, which claims that I had heaped praises on former president John Agyekum Kufuor for signing good oil deals during his tenure as president of Ghana, is nothing but fanciful conjecture of the author. It should therefore be disregarded. For the avoidance of doubt, I wish to clearly state that I never said what has been attributed to me. Nowhere in my presentation did I mention former President Kufuor’s name, let alone heaping praises on him. At the said forum, I made it categorically clear that the Jubilee agreement is one of the worst agreements I have ever seen. My comment was specifically in relation to Additional Oil Entitlements (AOEs), that is how the windfall profit is shared between Contractor and the State if we experienced higher oil prices than was used in the projections of the economics for the approval of the Plan of Development (PoD). The discussion was on Greater Jubilee Full Field Development (GJFFD) economics from the POD submitted in 2017 which sought approval to expand the Jubilee field development to include the Mahogany, Twenebuah, and Akasa (MTA) fields in the Kosmos operated West Cape Three Points (WCTP) Block. The GJFFD POD approved by government in 2017 had projected Additional Oil Entitlements of only $35 million for the life of the project, although we should be expecting something close to $500 million - $1 billion over the life of the project if average oil price exceeded $70 per barrel versus a Plan of Development projected price of $50 per barrel. ***END*** ALEX MOULD MONDAY, 4TH NOVEMBER 2019. ACCRA
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  • I joined Executives of the National Democratic Congress last Sunday to attend the Akwasidae festival celebrated for Asantehene, Otumfuor Osei Tutu II.

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