Page 10 - AfrOil Week 26 2021

AfrOil POLICY AfrOil

Meanwhile, Egypt’s Minister of Petroleum Tarek will be executed under the build-own-oper-
el Mulla said that his country was keen to estab- ate-transfer (BOOT) system.
lish a pipeline to transport Iraqi crude oil to The Jordanian government has also approved
Egypt and Jordan. a deal with the Iraqi federal government to build
With details scarce, it can only be assumed two oil and gas pipelines connecting the neigh-
that the pipeline in discussion would be an bouring countries, Jordanian state-run news
extension of the planned 1mn barrel per day agency Petra reported.
(bpd) Basra-Aqaba pipeline. The project is divided into two phases: the
Preliminary work to develop the $5bn con- first phase includes installing a 700-km pipeline
duit is thought to be nearing, with the Iraqi with a capacity of 2.25mn barrels from Rumaila
Ministry of Oil (MoO) expected to announce to Haditha; the second phase includes installing
contract winners by the end of the year. In May, a 900-km pipeline in Jordan between Haditha
the ministry clarified that the pipeline inside and Aqaba with a capacity of 1mn barrels.
Iraq would be installed according to the engi- Total cross-border capacity is expected to be
neering, procurement, construction and financ- 1mn bpd of oil and 258mn cubic feet (7.3mn
ing contract (EPCF) model, while in Jordan it cubic metres) per day of gas. ™

Ghanaian court rules against Eni in court

battle over Sankofa/Afina unitisation

GHANA SPRINGFIELD Exploration and Production, a court system, seeking compensation in light
privately owned Ghanaian company, has scored of the latter company’s failure to uphold the
a victory in its legal battle with Italy’s Eni over government’s order. Last week, the Commer-
the unitisation of two offshore licence areas, cial Court in Accra took Springfield’s side and
Sankofa and Afina. ordered Eni’s local subsidiary, Eni Ghana Explo-
Ghana’s Energy Ministry ordered Eni and ration, to pay 30% of revenues earned from oil
Springfield to combine Afina with Sankofa sales into a joint escrow account.
last year, citing a seismic study conducted by The Ghanaian company unveiled the court’s
Ghana National Petroleum Corp. (GNPC) that decision in a statement last week.
purportedly showed the two fields to be part Kevin Okyere, the CEO and founder of
of the same structure. The sites have “identical Springfield, hailed the ruling, calling it a vindi-
reservoir and fluid properties,” Energy Minister cation of his company’s position. “Springfield is
John-Peter Amewu wrote in a letter to the two not interested in stalling ongoing crude oil pro-
companies. duction [at] the Sankofa oilfield and [believes]
Thus far, though, the parties have not been in fairness and justice for all, irrespective of
able to reach agreement on unitisation of the their size and position,” he declared. “The conse-
sites. Springfield has blamed Eni for the impasse quences of this case for the Ghanaian oil indus-
and has sued the Italian major in the Ghanaian try will be systemic and immediate.”

Ghana’s offshore zone (Image: Ghana Petroleum Commission)

P10 www. NEWSBASE .com Week 26 30•June•2021