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