Petroleum Africa
Find us on: 
Tuesday, September 18, 2018
Petrel Resources believes it has resolved the outstanding issue with GNPC regarding the contract for the development of the Tano 2A block offshore Ghana. As such, all legal proceedings have been withdrawn and the company looks forward to making further announcements regarding the petroleum agreement in due course.
David Horgan, Director, commented, “We are delighted to report that all outstanding issues have now been resolved with GNPC regarding our Tano 2A Block. All legal proceedings have been withdrawn so, after normal consultations, the next stage is for the Petroleum Agreement to be sent to Cabinet for review. I look forward to providing further announcements as appropriate.”
TheTano 2A Block was originally awarded in 2008 to Ghanaian company Pan Andean Resources, which is owned by Clontarf Energy 60%, Petrel Resources 30%, with Ghanaian interests held by Abbey Oil & Gas Ltd. 10%.
" alt="Seatrium and Shell Inks MOU to Collaborate on Floating Production Systems">
" alt="Wildcat Updates Status in the Republic of Sudan and South Sudan">
" alt="Sinopec Drills China’s Deepest Geothermal Well">
" alt="Getech Inks Three Contracts for Natural Hydrogen Exploration">
