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Vol 51 No 15

Published 23rd July 2010


The 3.8 billion dollar question

Aside from the party political rivalries, geopolitics and diplomatic jousting involved in the Kosmos Energy debacle in Ghana, there is a central concern: that the government stands to earn at least US$3.8 billion more in tax under the terms negotiated with Ireland’s Tullow Oil for the Deepwater Tano block than it will for the West Cape Three Points block negotiated with Kosmos. Given that the two blocks are similar in production potential, the obvious question is ‘Why?’

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