U.K ANGOLA GHANA
NEWS
January 18, 2018
Updates: ExxonMobil, GNPC sign new petroleum agreement
Stakeholders in the energy sector have gathered at the Kempinski hotel in Accra, Thursday, January 18, 2018, for the signing ceremony of a new petroleum agreement between multinational oil and gas company Exxonmobil and the government of Ghana in the Deep Water Cape Three Points.

Officials of the Ministry of Energy led by the sector Minister Boakye Agyarko, CEO Ghana National Petroleum Corporation, KK Sarpong, CEO of the Petroleum Commission Egbert Faibille as well as officials of the American company, Pamela Darwin Vice President Exxonmobil, Africa are present for the momentous occasion. The US Ambassador Rob Jackson is also present to witness the signing ceremony.

CEO of GNPC Kofi Kodua Sarpong opens the ceremony which he describes as a "significant milestone" in the growth of Ghana’s oil and gas. He is proud to be signing an agreement granting Exxonmobil a license to explore and produce hydro carbons in the country. He applauds the efforts and hard work of the negotiating teams. He is convinced this agreement will ensure an optimization of potential returns for the good people of Ghana. He says a fourth party; an indigenous company will also sign an agreement to make it effective. "This agreement is innovative in addressing the shortcomings in previous agreements." He is excited to work with Exxonmobil assuring that GNPC will ensure a smooth operation of the agreement once it is ratified by Parliament

ExxonMobil has been in Africa over 100 years. We are very much involved in working with local communities and look forward to this opportunity. We will share our technical expertise with the local community. It is the beginning of a long-term partnership between the parties. "We are super excited to being here."
Source: myjoyonline

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