Home Business GOIL in talks with Tullow for a stake in new oil block

GOIL in talks with Tullow for a stake in new oil block


GOIL says it is in talks with Tullow to acquire up a stake in its bid for the new oil block in the nation.

The transfer is element of a broader technique for GOIL to be significant in the oil exploration organization in the region.

New Acting Handling Director of GOIL, Kwame Osei-Prempeh who disclosed this to JoyBusiness suggests they have appear pretty considerably with these conversations.

“…we are creating an hard work to husband or wife Tullow as their neighborhood companions. If we glimpse at our partnership with ExxonMobil, $25m is for 5 decades but for GOIL $25m is not so substantially. We don’t know how a great deal our exposure will be with the Tullow partnership since conversations have not absent so considerably but GOIL is ideal. We have the methods, we have the males, so we believe we have the capacity.”

GOIL recently signed an arrangement with Exxon Mobil to get 5 per cent carried desire in the business.

It recently secured shareholders’ acceptance to place to devote about $25 million in Exxon Mobil to support their fascination in their enterprise.  

 Local ownership

 There has been a drive by some overseas companies have in the past been pushing to secured some sizeable stake in GOIL. But the new Handling Director, Kwame Osei Prempeh we would do everything to shield the area possession of GOIL. He provides that there is no justification to give any sizeable element of the organization to any foreign entity.

“the international share in GOIL as at now is just .01so GOIL is 99.9% owned by Ghanaians and so we feel that we can preserve that unique identity…” 

Mr Osei-Prempeh promised to concentration on current procedures to help placement the firm as a market leader.

Source link


Please enter your comment!
Please enter your name here