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Petroleum 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
