Local content refers to the quantumpercentage of locally produced materials, personnel, financing, goods and services rendered to the oil industry and which can be measured in monetary terms local participation refers to the level of ghanaian ownership in the oil and gas industry. Ghana national petroleum corporation, ghana s upstream oil and gas industry. In 2007 ghana launched its entry into the league of resource rich countries with the announcement by the president of the discovery of oil and gas in commercial quantities offshore at the cape three points, near its international border. Their subcontractors include schlumberger, baker hughes, weatherford, ocean rig and technip. A survey of the literature on local content policies in the oil and gas industry in east africa chilenye nwapi summary although oil and gas exploration has been going. A minor find was made in 1970 in the saltpond field in eastern ghana and some 3. Mid and downstream means every sector of the oil and gas industry. This paper examines ghana s petroleum industry, its steady growth, and its initial challenges, such as the maritime border dispute and political interventions.
View local content in oil and gas industry research papers on academia. Key evolving questions for the upstream oil and gas sector 1. The oil and gas is further segmented by type and in addition to overall market forecast, the report provides forecasts for oil and gas by type. Oil and gas is big business in ghana and it is only getting bigger. Strategic planning for the oil and gas industry edinburgh business school vii 7. It is well known that the level of electrification in subsaharan africa is very low. Oil and gas tax guide for africa 2017 3 over the past few years, the global economic downturn in the oil and gas industry has had negative effects that have been felt by many. It is further reported that the value of services to be demanded by the oil industry. Pdf oil and gas production and the growth of ghanas. To this effect, in 2010, a coherent policy was developed to regulate the nascent oil and gas industry. Estimating the effects of the development of the oil and gas sector. At the end of 2008, a new discovery of oil and natural gas deposits with an expected 800 million barrels of oil was also announced.
Enhancing the benefits at the subnational level policy framework prepared for revenue watch institute october 2012. Ghana is an up and coming player in the oil and gas industry with operations in the upstream exploration and production, midstream, and downstream sectors. These activities are undertaken in five sedimentary basins within ghana. Ghana s oil and gas industry continues to attract key global industry. Safety practices in the oil and gas industries in ghana. Ghana s first commercial oil lifting took place in january 2011 and in the period since then to april 2011, 4. The country remains a small producer in the gulf of guinea with current output at 126 000 barrels of oil per day bopd. Pdf on jan 1, 20, john kwadwo oseitutu and others published a study of ghanas oil and gas industry local ghanaian. As supply increases and oil prices rise, volatility will continue to drive strategy.
Healthy commercial crude oil inventories in oecd countries, standing at 2. Being one of the regions oldest upstream sectors its first exploration in 1860 and commercial production in 1909 egypts a mature oil and gas. Daily oil and gas production in ghana until 2030 92 figure g. The first two chapters of the report feature the country profile by giving general information on ghana and by thoroughly. Egypt is the largest nonopec oil producer in africa and the continents second largest gas producer after algeria.
An initial assessment article pdf available october 2018 with 3,974 reads how we measure reads. Pdf on jan 1, 20, john kwadwo oseitutu and others published a study of ghana s oil and gas industry local ghanaian content policy process find, read and cite all the research you need. Nine production wells bring the oil and gas from below ground to the surface. Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and. Ghana is one of africas new oil and gas producing nations. Rental of various oilfield equipment and services to the oil industry in ghana and other west african countries. Common health, safety and environmental concerns in. The contractor has identified the ghana oil company limited goil as its indigenous partner, in line with the local content legislation. This study was undertaken to investigate the safety practices in the oil, gas and related energy industries in ghana with a view to ascertain if the industry has the wherewithal to handle the new developments in the industry. Mid and downstream means every sector of the oil and gas industry in addition to the actual exploration and production. Local content in oil and gas industry research papers. What are the key barriers to investment in the oil and gas industry, and what policies and institutional frameworks should be adopted to scale up investments in the current oil. The first two chapters of the report feature the country profile by giving general information on ghana and by thoroughly studying its economic state, including key macroeconomic indicators and their development trends.
A second company to ghana s oil exploration is tullow ghana limited tullow. Analysis of risk management practices in the oil and gas. Background oil exploitation in ghana began as far back as 1896 by the west african oil and fuel company. Recent oil and gas discoveries in ghana present a unique opportunity to boost economic growth and increase the prosperity of its people. Table 2 outlines the consumption of electricity per head in the region. Pdf on jan 1, 20, john kwadwo oseitutu and others published a study of ghana s oil and gas industry local ghanaian content policy process find, read and cite all. What is the evolution of the oil and gas industry in ghana to date, and what are ghana s short to medium term energy policy priorities. Further, the growth and industry conditions in the ghana market are assessed in comparison to regional oil. In ghana, petroleum products account for about 26% of total energy consumption ministry of energy, 2010 and about 70% of ghana s commercial energy needs oil and gas in ghana. In 2007 ghana launched its entry into the league of resource rich countries with the announcement by the president of the discovery of oil and gas in commercial quantities. A minor find was made in 1970 in the saltpond field in eastern ghana.
Total natural gas exported from the jubilee field to the atuabo gas processing plantwas 1,906. Key countries and opportunities in africas oil and gas. Ghanas upstream industry petroleum commission ghana. Case study of tema oil refinery tor risk management refers to an interactive process consisting of steps, which when undertaken in sequence, enable continual improvement in decision making. Typical offshore oil and gas value chain 104 figure h. This paper examines ghana s petroleum industry, its. Overview of the oil and gas industry in ghana ghana. A look into ghanas oil and gas industry news ghana. According to the gnpc 20, the first natural gas discovery in ghana was in 1973, around the offshore cape three points by zapata oil company limited. Opportunities for gas in subsaharan africa subsaharan. The prospects for natural gas in the region are not just dependent on displacing oil in the generation mix. Takyiwa 2014 has classified the history of oil exploration in ghana. The upstream oil and gas activities in ghana consist of exploration, development and production of oil and gas. Analysis of risk management practices in the oil and gas industry in ghana.
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