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THE MINISTRY OF FINANCE PETROLEUM RECEIPTS AND DISTRIBUTION REPORT FOR 3RD QUARTER OF 2013

gasPetroleum Revenue Management Act, 2011.(A 815)
Section 8: Transparency and Accountability of Petroleum Receipts

Pursuant to Section 8 of the Petroleum Revenue Management Act, 2011 (Act 815). 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 quarterly basis.

This Publication under the authority of the Hon. Minister for Finance, Hon. Seth Terkper, covers petroleum receipts for the third quarter of 2013.

PETROLEUM RECEIPTS AND DISTRIBUTION REPORT FOR 3RD QUARTER OF 2010:
(1STJULY- 30TH SEPTEMBER, 2013)
SRN          ITEM                                                            UNIT                                                               14TH LIFT

1 Volume Lifted by                                                        barrels
2 o/w Ghana Group(GOG/GNPC)                                 barrels                                                          994,966
3 o/w Partners                                                              barrels
Ghana Group’s Lift
4    Date of Lift                                                                 d/m/y                                                          11th August 2013
5    Reference Price Per Barrel                                        US$                                                            110.886
6    Differential (Premium)                                                 US$                                                            0.69
7    Price Option Fee                                                         US$                                                            0.08
8    Market Price Per Barrel                                               US$                                                            111.656
9    Cargo Value                                                                US$                                                            111,093,923.70
10  Gross Receipts from Ghana Group Lift                      US$                                                            111, 093,923.70
11   o/w Royalties                                                             US$                                                             30,930,230.71
12   o/w Carried & Participating Interest                           US$                                                             80,163,692.
13   Transfer to GNPC                                                      US$                                                             35,141,266.30
14    o/w Equity Financing costs (Section 7(2))               US$                                                             5,126,315.18
15    o/w Carried & Participating Interest (Section 7(2)    US$                                                             30 014,951.12
16    GOG Net Receipts from lifting                                   US$                                                             75,952,657.39
17    o/w Royalties                                                            US$                                                             30,930,230.71
18    o/w Carried & Participating Interest                          US$                                                             45,022,426.68
19    Other Petroleum Receipts                                         US$                                                             110,554.00
20    o/w Other Royalties (SOPC)                                     US$                                                             110,554.00
21.    Total GOG Receipts                                                  US$                                                             76,063,211.39

Notes:

o/w means “of which’

All petroleum t receipts have been allocated as required by Act 815 and will be reported and published in accordance with the law.
Under the authority of the Minister for Finance
Hon. Seth Terkper

Source: Daily Graphic

 

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