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05.03.2010 Business & Finance

Dzata 1 oil well is within Ghana's boundary - Vanco Oil

05.03.2010 LISTEN
By citifmonline.com


The Chief Operating Officer of Vanco Limited, J.L Mitchell, operators of the Dzata- 1 Well, located offshore Ghana, in the Tano basin of the Cape three points Deep Water Block, has told Citi News that their block is well within the maritime boundaries of Ghana.

According to him, Vanco has no concern at all over reports that neighboring Ivory Coast is making claims for some parts of Ghana's maritime Boundary.

The Dzata 1 discovery is the latest in addition to the Jubilee and other oilfields where significant hydrocarbons have been found.

There are speculations that the Dzata 1 discovery which is close to the Ivory Coast boundary may be a contributory factor to Cote D'Ivoire's claims.

But Mr Mitchell told Citi News from his base in the US that that may not be the case since the Dzata Well is over 200 kilometers away from Ghana's maritime boundary with cote-d'Ivoire.

“It's very far; 200 kilometres away from the maritime boundaries and it doesn't affect us one way or the other…It is well within the Ghanaian maritime boundary,” he said.

Meanwhile, Security Analyst Dr Kwesi Aning says Ghana must take a firm stance as it seeks to enter negotiations with the Ivorians and desist from using the humanitarian approach.

“More often than not, when these problems arise, there is a certain naivety on the Ghanaian side, a certain humanitarian approach, saying we are all brothers and all that - we are not brothers”.

“The Ivorians have a rationale choice attitude to this, they have made their calculations and they are willing to push this demand as far as possible to get what they want and I think it's crucial that this bill is passed under the certificate of urgency and hopefully, the team that will be put together should be a bi-partisan group of technical experts with the requisite knowledge to ensure that this issue does not become a problem.” He told Citi FM.

He hinted that the Ivorians are better structured and coordinated; making them miles ahead of Ghana as far as the struggle for the demarcation is concerned.

He, therefore, advised Government to ensure the passage of the law immediately and provide the requisite resources for a bi-partisan group to promote Ghana's interest in the matter.

Dr Aning warned that if the right steps are not taken to deal with the situation immediately, Ghana and Ivory Coast may replicate the conflict that ensued between Nigeria and Cameroun over the Bakassi peninsula.






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