By Adu Koranteng
The Member of Parliament for Dormaa East, Paul Apraku Twum Barimah has advised members of Parliament of the New Patriotic Party to support President Akufo Addo to deliver in his second Term.
Speaking in an interview, Honorable Twum Barimah said the president can only deliver to the satisfaction of the people of Ghana when he is ably and strongly supported by the majority caucus in Parliament.
He urged his colleague Members of Parliament in the NPP to desist from blaming one another regarding who voted against the president’s nominee as speaker of parliament and unite in preparation for the task ahead
Honorable Twum Barimah indicated that winning the 2024 general elections is key and that should be the target and that would depend on the performance of the president and the party in terms of prudent management of the economy and the livelihood of the people of Ghana.
The President needs us and we must not let him down. We need to avoid settling personal scores and executing the blame games. The president has begun selecting his appointees and we need to support him in that regard. If we don’t rally behind the president we might lose the trust of the people and that will work against us. Our constituents are monitoring us in Parliament and we don’t have to let them down.” He stated in an interview.
Honorable Twum Barimah who is an energy expert with many years’ experience working with the World Energy giant ENI recently predicted a boom in Ghana’s oil production.
He said the longer-term outlook for Ghana’s crude oil production was positive, based on the expectation for continued field developments.
“Ghana’s potential in the oil industry is positive and we must all expect a positive outlook in the coming months as production increases” he stated.
“Among the assets that hold the highest benefit in Ghana is the Pecan field which is located in the Gulf of Guinea, with a total production capacity of 110,000 barrels per day. The Pecan field, operated by Aker Energy, is the largest of several discoveries made”.
Mr Barimah said the Sankofa Field operated by ENI had been key in providing energy to Ghana since 2019 with the capacity to produce 1,000 megawatts through power plants that provides electricity for around 1.6 million households and many businesses need a reliable source of power.
“Since Sankofa came online, Ghana’s annual oil import has dropped by 12 million barrels the field is currently producing over 171 million standard cubic feet per day and operators are paying 5 per cent royalty to government in Kind.
“Ghana National Petroleum Corporation gets 20 per cent of the rest as per its stake in the project,” he said.
“The longer-term outlook for Ghana’s crude oil production is positive, based on the expectation for continued field developments in the offshore blocks. Among the assets that hold the highest upside is the Pecan field located in the Gulf of Guinea, with total production capacity of 110,000b/d.”
He noted that Pecan field was estimated to contain about 334 million barrels of oil equivalents, and was expected to require an investment of about $4.4bn.
Mr Barimah said Aker Energy operated the block with a 50 per cent stake in partnership with Russia’s Lukoil, state-owned Ghana National Petroleum Corporation and Fueltrade.
He said the strong performance at Jubilee and TEN was a positive development for Ghana’s oil sector as they were Ghana’s two most productive fields.
