<\/p>\n
Ghana could face a judgement debt over the stalled decommissioning of a 65-year-old oil rig at Saltpond in the Central Region, the Institute of Energy Research and Policies (INSTEPR) has warned.<\/p>\n
INSTEPR indicated that the local company contracted in January to retire the old rig, HANS & Co had stalled work on the decommissioning, which was expected to go through three phases.<\/p>\n
A statement signed by the Executive Director of INSTEPR, Kwadwo Poku said the consortium only completed phase one of the decommissioning.<\/p>\n
It said works on the decommissioning subsequently stalled after the appointment of a new acting Managing Director and the Board of Directors.<\/p>\n
\u201cThe big question is why are the new acting Managing Director and the board of directors acting to frustrate the decommissioning of the Saltpond field? Our investigation has not yielded any concrete reasons yet.\u201d<\/p>\n
\u201cThere is one thing for certain, the cost of the project could quadruple if the posture of the Managing Director continues and possible multi-million-dollar judgement debt for breach of contract,\u201d the statement said.<\/p>\n
It asked the government to ensure that the old rig is decommissioned to avoid an environmental catastrophe.<\/p>\n
\u201cINSTEPR will want to advocate for the law wilfully causing financial loss to the state, to be applied when a person\u2019s actions like what Mr. Opoku Danquah seems to be doing results in GNPC being sued and judgement debt incurred,\u201d it added.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Ghana could face a judgement debt over the stalled decommissioning of a 65-year-old oil rig at Saltpond in the Central Region, the Institute of Energy Research and Policies (INSTEPR) has warned. INSTEPR indicated that the local company contracted in January to retire the old rig, HANS & Co had stalled work on the decommissioning, which […]<\/p>\n","protected":false},"author":1,"featured_media":1137174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1580,19242,1497,85,8891,1077,18650,14446],"class_list":["post-1137172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-debt","tag-decommissioning","tag-face","tag-ghana","tag-judgement","tag-oil","tag-rig","tag-stalled"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1137172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1137172"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1137172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1137172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1137172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1137172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}