Tuesday, June 15

Tag: Saltpond Oil Field

Decommission Saltpond Oil Field-PIAC urges GNPC
Business

Decommission Saltpond Oil Field-PIAC urges GNPC

The Public Interest and Accountability Committee (PIAC) has called on the Ghana National Petroleum Commission (GNPC) to make determinations to decommission the Saltpond Oil Field (SOF) in the Mfantseman Municipality of the Central Region. The Committee believes the move will reduce huge cost of skeletal staff maintaining the rig that had become an economic drain on the State. Mr Noble Wadzah, Chairman of PIAC, a constitutionally mandated body with the oversight responsibility on the prudent use and accountability of oil revenues noted that "the continued use of oil revenues to cater for an idle field did not reflect judicious use of the resources." He made the appeal at a public forum on the management and use of Ghana's petroleum revenues held at Cape Coast on Tuesday. The fo...
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