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May 14, 2015

Ministry of Energy C.E.O. Says Not So Fast to Offshore Oil Exploration

Colin Young

Has Offshore Oil exploration been given the green light by G.O.B.? Well, not so fast, says C.E.O. Colin Young in the Ministry of Energy. On Tuesday, we told you about the article published on Yahoo.com where Writer Dave Forest wrote that “Last week the country’s Ministry of Energy affirmed that it is considering opening to exploration. Allowing oil and gas drillers for the first time to test the offshore and onshore environment…signaling that things are progressing when it comes to offering the first ever licenses.” Today, Young, who reached out to us via email from Taiwan, says,) “the Ministry wishes to completely disassociate itself from the article published on yahoo dot com …at no point, did Mr. Forest contact me or ministry personnel regarding his article. Likewise, the MESTPU did not provide any information regarding offshore exploration to Dave Forest.  Consequently, Mr. Forest’s article contained a number of inaccuracies and misleading information that reflect his lack of understanding of G.O.B.’s current position on the issue of offshore exploration.” C.E.O. Young pointed out that G.O.B. wishes to reiterate that it is maintaining and will maintain its moratorium on the issuance of new offshore PSA until an official policy is developed and such a policy will be developed through a transparent, evidenced-based, inclusive and participatory process that will involve all stakeholders.

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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