The Minority in Parliament has kicked against what it describes as moves by the Ghana National Petroleum Corporation (GNPC) to place 7% interest of the Jubilee and TEN fields in an offshore company.

“We wish to state that we shall not countenance any attempt to off-load these shares to any foreign entity aside the state-owned GNPC or its known and recognized subsidiary EXPLORCO,” a statement issued by the minority said.

“The Minority in Parliament has been keenly following the decision by the Ghana National Petroleum Corporation to acquire 7% of Jubilee and TEN oil fields ceded to it by Kosmos Energy from a $750m acquisition of Oxy’s interest in October 2021.”

The statement added: “We have also become aware of the establishment of an offshore company in the Cayman Islands to hold the 7% interest with the chief executive of the GNPC and the board chairman acting as Directors of the company.”