{"id":228809,"date":"2016-07-07T15:55:19","date_gmt":"2016-07-07T15:55:19","guid":{"rendered":"http:\/\/citifmonline.com\/?p=228809"},"modified":"2016-07-07T15:55:19","modified_gmt":"2016-07-07T15:55:19","slug":"ghanas-oil-exploration-under-threat-acep","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/07\/ghanas-oil-exploration-under-threat-acep\/","title":{"rendered":"Ghana&#8217;s oil exploration under threat &#8211; ACEP"},"content":{"rendered":"<p>Policy Think Tank, the African Centre for Energy Policy (ACEP), has painted a rather grim picture of the future of Ghana&#8217;s oil and gas exploration sub-sector.<\/p>\n<p>According to ACEP, the level of exploitation in the sector is worrying and must be checked.<\/p>\n<p>[contextly_sidebar id=&#8221;tZ0gbq0kdokRsm17R9bqD6typyVDSvun&#8221;]Addressing a forum in Accra to launch what it calls citizens manifesto on oil and gas ahead of the November polls,the Executive Director of ACEP, Mohammed Amin Anta, said the increasing depletion of the current oil reserves is not the best.<\/p>\n<p>\u201cGiven the current level of inactivity on Ghana\u2019s exploration map, we are worried about the future of the oil industry in Ghana.\u00a0We are currently depleting reserves without replacing them at the same level. Even as we deplete without replacing them at the same level, there are oil companies that are holding inactive petroleum.\u201d<\/p>\n<p><strong>Oil giants predict gloomy times\u00a0<\/strong><\/p>\n<p>Oil giant Tullow earlier \u00a0predicted tough times<span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2015\/12\/10\/oil-giants-predict-gloomy-times-ahead-for-the-industry\/\"><strong> ahead for the<\/strong> <\/a><\/span>oil industry in the coming months, when prices of the commodity on the world market started declining.<\/p>\n<p>The price of a barrel of the commodity earlier fell below 40 dollars, the lowest since 2009, while the price of Brent Crude fell 5.3% to 40.73 dollars a barrel.<\/p>\n<p>&#8211;<\/p>\n<p>&nbsp;<\/p>\n<p>By: Marian Ansah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Policy Think Tank, the African Centre for Energy Policy (ACEP), has painted a rather grim picture of the future of Ghana&#8217;s oil and gas exploration sub-sector. According to ACEP, the level of exploitation in the sector is worrying and must be checked. [contextly_sidebar id=&#8221;tZ0gbq0kdokRsm17R9bqD6typyVDSvun&#8221;]Addressing a forum in Accra to launch what it calls citizens manifesto [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana&#039;s oil exploration under threat - ACEP - Citi 97.3 FM - Relevant Radio. 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[contextly_sidebar id=&#8221;tZ0gbq0kdokRsm17R9bqD6typyVDSvun&#8221;]Addressing a forum in Accra to launch what it calls citizens manifesto [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2016\/07\/ghanas-oil-exploration-under-threat-acep\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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