GNPC-Aker Deal: LUKOIL says it was not engaged by Aker in the sale of 37% stake to GNPC
Russian multinational energy corporation, LUKOIL, has said it has not been engaged in plans by the Aker Energy to sell 37 percent stake in the DWT/CTP oil blocks operated by the latter to the Ghana National Promotion Corporation (GNPC).
This, LUKOIL says is despite being a partner to Aker Energy with 38% License Interest and a 42.22% Participating Interest.
In a letter addressed to the Presidency and copied to the Ministry of Energy, Finance Ministry, Aker Energy and the GNPC, LUKOIL asserts that the planned acquisition of the oil blocks poses significant risks to the project execution of the oil blocks adding that to avoid any negative consequences for the DWT/CTP project, LUKOIL going forward should be involved in the following;
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(i) the sale/acquisition of Aker Energy’s share
(ii) the resignation of the Operator of the DWT/CTP project and an appointment of a successor
(iii) further project financing plans so as to ensure further sustainable development of the project in the interest of all stakeholders
Read details of letter below:
