The Public Interest and Accountability Committee (PIAC) is cautioning the Ghanaian government of an impending maritime boundary dispute with Togo over oil exploration in the East Keta Ultra Deep Block.
According to the committee which has oversight responsibility over the prudent management of oil revenues, the Togolese authorities are disputing the existing maritime boundary on which basis a block was jointly awarded to companies to begin exploration.
It has thus urged government to take urgent steps to delineate the border and to initiate steps to start a discussion to help resolve the dispute at an early stage, grahic.com reports from Ghana.
Making the recommendation in its 2017 annual report, the committee explained that the companies awarded the block are being intimidated by the Togolese Naval Forces anytime they attempt to explore close to the border and this meant that there was some lack of shared understanding of the limitations of the boundary.
“PIAC has noted adverse claims being made by the Togolese authorities concerning it’s maritime boundary with Ghana in respect of the East Keta Ultra Deep Block and urges government to initiate urgent steps to delineate Ghana’ s maritime border with Togo,” the report explained.
Parliament ratified a Petroleum Agreement for the Ultra Deepwater East Keta Block (“EK”), by and among Blue Star Exploration Ghana Limited (“Blue Star”), the Government of the Republic of Ghana, Ghana National Petroleum Corporation, GNPC Exploration and Production Company Limited and Heritage Exploration and Production Ghana Limited giving the partners the licence to conduct exploration in the block.
The basin is the western extension of the Dahomeyan embayment that stretches east covering Togo, Benin and Western Nigeria and ending just before the Niger Delta in Nigeria.