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Petroleum Receipts and Distribution Report for 4th Quarter of 2012 Published

  • SOURCE: | qwesa2big
  • The Ministry of Finance and Economic Planning as per its mandate and in compliance with the Petroleum Revenue Management Act 2011 (Act 815); section 8 has published the petroleum receipts and distribution report for the 4th quarter of 2012.

    See below for breakdown of Petroleum Receipts And Distribution Report For 4™ Quarter Of 2012  (1st OCTOBER -31st DECEMBER, 2012)


    Srn Item Unit Value
    1 Volume Lifted barrels 7,870,133
    2 o/w Ghana Group (GOG/GNPC) barrels 994,646
    3 o/w Partners barrels 6,875,487
    Ghana Group’s Lift
    4 Date of Lift d/m/y 12th Nov 2012
    5 Reference Price Per Barrel US$ 109.109
    6 Market Price Per Barrel US$ 108.439
    7 Gross Receipts from Ghana Group Lift US$ 107,858,417.59
    8 o/w Royalties us$ 30,029,416.81
    9 o/w Carried & Participating Interest us$ 77,829,000.78
    10 Transfer to GNPC us$ 41,915,817.31
    11 o/w Equity Financing Costs (Section 7(2)) us$ 17,973,695.00
    12 o/w Carried & Participating Interest (Section 7(2) us$ 23,942,122.31
    13 GOG Net Receipts from Lifting us$ 65,942,600.28
    14 o/w Royalties us$ 30,029,416.81
    15 o/w Carried & Participating Interest us$ 35,913,183.47
    16 Other Petroleum Receipts US$ 0.00
    17 o/w Corporate Income Tax us$ 0.00
    18 o/w Royalty (Saltpond Field) us$ 0.00
    19 o/w Surface Rentals us$ 0.00
    20 o/w others “ us$ 0.00
    21 Total GOG Receipts US$ 65,942,600.28


    Notes: o/w means “of which”

    All petroleum 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 and Economic Planning Hon. Seth Terkper




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