Ghana cabinet approves E&P bill amid licensing concerns

The Petroleum Exploration and Production Bill has received cabinet approval and will shortly be presented to parliament, four years after it was first drafted. The new law, which will update the previous 1984 legislation, contains provisions for blocks to be awarded through open licensing rather than direct negotiation. There has been criticism of recent licence awards approved by parliament under a certificate of urgency before the bill becomes law (AE 274/15), but this has been dwarfed by a bizarre series of developments involving the Offshore Cape Three Points South licence.