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Petroleum Receipts and Distribution Report For Second Quarter of 2018

  • SOURCE: | Graphic
  • Pursuant to Section 8 of the Petroleum Management Act, 2011 (Act 815), as amended (Act 893), the Minister is required to publish petroleum receipts (defined in Section 6 of the Act), namely, total output lifted and reference price, among others, on a quarterly basis. This Publication covers petroleum receipts for the second quarter of 2018.

     

    ITEM JUBILEE SANKOFA TEN TOTAL
    UNIT
    QTR 2 2018
    Volume Lifted Barrels
    o/w Ghana Group GOG/GNPC 973,730 995,351 995,085 2,964,166
    Partners 5,699,160 1,903,480 3,884,819 7,602,640
    Ghana Group Lift
    Date of Lift d/m/y 20th March, 2018 16th March, 2018 14th June, 2018
    Reference Price per barrel US$ 64,173 64.195
    Price Option Fee US$ 0.08 0.08
    Differential (Premium) US$ 0.486 (0.950)
    Market Price Per Barrel US$ 64.739 63.325
    Cargo Value US$ 63,038,306.47 63,030,602.08 126,068,908.55
    Gross Receipt from Ghana’s Group Lift US$ 63,038,306.47 63,030,602.08 126,068,908.55
    o/w Royalties US$ 17,550,819.14 17,550,819.14
    o/w Carried and Participating Interest US$ 45,487,487.33 45,487,487.33
    Transfer to GNPC US$ 18,428,403.10 18,428,403.10
    Equity Financing Cost US$ 6,831,652.71 6,831,652.71
    Net Carried & Participating Interest (30%) US$ 11,596,750.39 11,596,750.39
    GOG Net Receipts from Lifting US$ 44,609,903.37 44,609,903.37
    o/w Royalties US$ 17,550,819.14 17,550,819.14
    o/w Net Carried & Participating Interest (70%) US$ 27,059,084.23 27,059,084.23
    Other Petroleum Receipts US$ 119,428.17 10,013,974.00 10,133,402.17
    PHF Income US$ 72,228.17 72,228.17
    Surface Rental (Asem Sabastian Klenam) US$ 47,200.00 47,200.00
    Surface Rental (AMNI International) US$ 13,974,00 13,974.00
    Corporate Tax (Yullow) US$ 10,000,000.00 10,000,000.00
    Net GOG Receipts US$ 44,729,331.54 10,013,974.00 54,743,305.54
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    Graphic

    The Daily Graphic is a Ghanaian state-owned daily newspaper published in Accra, Ghana.
    With a circulation of 100,000 copies, the Graphic is the most widely read daily newspaper in the country
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