Russia to release Ghana oil and gas reserves documents

The Russian government has indicated it’s preparedness to make available to Ghana, classified documents on oil and gas reserves in the Voltaian Basin, if the government officially applies for them.

The documents containing geological findings of the basin, were prepared by geologists of the then Soviet union in the 1960’s during the Presidency of Dr. Kwame Nkrumah, but were taken away after the 1966 coup d’etat.

The seismic survey conducted by the Russian team on the basin covered a total area of 103,600sq. km that stretches from mid-country to the northern sector, and is believed to have potential for onshore oil and gas resources.

Russia indicated its preparedness to hand over the documents when the Minister of Energy, Dr. Joseph Oteng-Adjei, paid a visit to Russian recently.

Disclosing this to Times newspaper, Edward Bawa, the spokesman for the Minister, said that the content of the documents could possibly open a new chapter for onshore oil exploration and mineral prospecting in the Voltaian Basin.

He said already, the Ghana National Petroleum Corporation (GNPC) knowing the prospects of the basin, had opened up the licensing of exploration blocs in the area, alongside the offshore sector, ever since drilling of 10 boreholes showed traces of oil.

Mr. Bawa, highlighting on the visit, said the minister was in Russia at the invitation of Lukoil to get a first hand observation of the system and processes employed by the Russian exploration firm which wants to expand operation in Ghana.

He said the minister and his delegation had the opportunity to visit the state Duma, Russia’s legislative body and the operation sites of Lukoil and met with high government officials.

Mr. Bawa said it was during one of such meetings that Mr. Yuri Trutnev, the Minister of Natural Resources and Environment, disclosed the existence of the documents and Russia’s preparedness to hand them over to Ghana if the country showed interest.

He said Mr. Trutnev explained that the documents found their way to Russian after Dr. Nkrumah was ousted before the final findings could be presented to him.

Mr. Bawa said Dr. Oteng-Adjei assured his Russian counterpart of Ghana’s readiness to apply and get the documents for the content to be perused.

The spokesman said Dr. Oteng-Adjei, also assured the Russian that Ghana was ready to work with all companies irrespective of their countries of origin provided they would respect the country’s laws.

Mr. Bawa said the minister also pledged Ghana’s commitment to dealing transparently and working with investors to ensure that the local content policy of the government was implemented and the targets achieved.

He said as part of its contribution to support Ghana build its needed human capital in the oil and gas sector, Lukoil has offered ten scholarships to Ghanaians to study in Russian Universities.

It also offered its rigs in Russia to Ghanaian students offering courses in oil and gas to be used for their internship.
Source: Ghanaian Times

4 comments

  1. @Olu Akinola & Abraham, i love you my brothers, but am sorry to say that you have failed in your thought process in regards to foreign relations and policies as related to domestic interests. America and the soviets have long been enemies, but america has a notorious background, still standing as the only country to have used an atomic bomb, to have used nuclear bomb, to have set up military bases round the world, to have multiple federal agents infiltrating and causing the downfall of regimes round the world. we are aware at least those who read that, the cia created the first coup in ghana (1966), they did the same in congo, guinea, somalia, infact the list is endless. Nkrumah knew not to trust the americans, hence he dealt with the soviets, and we all know what a great person nkrumah was, and how he preached about reserves, and the total linkage of all african states. well today, ghanaian leaders are slowly becoming aware that they cant trust the americans and so should broaden their horizons. so its a good stretch for ghana to start dealing with russia. because they are a better people than the evil americans

  2. I am happy, we are talking to Russia. This should not be the last, we should talk to china as well regarding are crude exploits, because for time and time again, usa, uk, and france have shown disregard and dis-interest in our growth. Tullow, exxon, etc, will be no good for Ghana, because their home economies is bankrupt and they are seeking for weak countries to invade and steal their resources. For a country like Ghana which dates back to the Egyptian empire, we allow ourselves to be lied to by these anerican oil companies,, this is just ridiculous. How is it possible that a new constructed of-shore rig could have its meter damaged so soon and quick? with a waiting time of 6months to repair or replace?, prior to even pulling oil, we should have spent money training our people on building these rigs, and after care, but nope, we decided to invite the thieves of america to do that for us, and now, right in our presence, they are stealing our people’s OIL. Russia has proposed the right idea- by opening its institutions to teach Ghanaians about how to take care of their own Oil. Nkrumah was our greatest chance to self triumph, but a few stupid Ghanaians were paid by the american CIA to throw him out f power. Today, the Russians have told us what they have known for 50 years. Lets deal with russia and china, countries who have not colonised us, and are doing good economically. America owes $14 trillion, and uk owes $7Trillion public debt, are these countries, worth dealing with?

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