Global Industry Leaders, Captains of Industry and Stakeholders who converged at the NRG Center in Houston Texas have engaged in high level discussion on Ghana’s Petroleum Sector. They made a case on policy, regulation, local content and local participation at the Ghana day event which formed the highlight of the 2019 Offshore Technology Conference.
Making his submission at the Ghana Day, CEO of Petroleum Commission, Mr. Egbert Faibille Jnr. explained the Local Content requirements as enshrined in L.I (2204) and the milestones the Commission has chalked in that regard. “As a Commission, we have set out modalities to assist in validating and monitoring activities of Joint Venture Companies while ensuring that indigenous companies grow to their full potential and development,” he said.
Relating the Norway experience, Global CEO of Aker Energy Ian Irve Haugan spoke about Aker’s commitment to develop start-ups to turn Ghana’s fortunes around in the Upstream Petroleum Sector. Championing the move is their support towards the Accelerated Oil and Gas Capacity (AOGC) Building Programme, he added.
Mr. Kweku Awotwi of Tullow Ghana also shared strategies to further develop local content in the upstream sector highlighting strategies in place to roll out a 5-7-year Local Content development strategy. While other panelists including Country Manager of Kosmos, Mr. Joe Mensah advocated for other IOCs to extend support to other sectors of the economy such as the Agricultural sector.
“The TEN and Jubilee partners are committed to partner government and the Commission’s efforts in addressing bottlenecks around the Local Content drive,” he noted.
Earlier, the Minister for Energy, Hon. John Peter Amewu encouraged all to collaborate and explore opportunities in the sector since government wants to propel the industry after 10 years of oil find in the country. A new dawn for the upstream sector requires sustainable benefits to enable Ghanaians have equitable share.
Present at the Ghana day event included top government officials from the Ministry of Energy, Members of the Parliamentary Select Committee on Mines and Energy and other Energy Professionals.
The Ghana Event day was on the theme “Building local Capability in Ghana’s Oil and Gas sector”