These promotional efforts succeeded in attracting credible oil and gas companies such as anadarko, tullow oil, kosmos energy, eni etc. Ghanas first commercial oil discovery at jubilee field in 2007 created public. Pdf oil and gas production and the growth of ghanas. Ghanas petroleum industry continues to take significant strides on various fronts. This book provides a nontechnical overview of what is commonly referred to as the petroleum industry, focusing on oil and natural gas, as well as their derivative products. Opinion the ghanas continental shelf started oil and gas production in 2010 making it one of the youngest oil producing nations in the world. Impact of the ghana gas processing plant at atuabo in western region, ghana. Oil marketing companies in in ghana add your free listing. Oil and gas is big business in ghana and it is only getting bigger. Recent oil and gas discoveries in ghana present a unique opportunity to boost economic growth and increase the prosperity of its people. Livelihood impact of the ghana gas processing plant at atuabo in.
Conclusion introduction to oil and gas exploration and production history has shown us that petroleum in its unrefined state has been utilized by humans for over 5000 years. Oil and gas production and the growth of ghana s economy. The government has completed the payment of all legacy debts owed the bulk oil distribution companies bdcs and banks towards reducing the nonperforming loans npls in the banking sector and strengthening the operations of the bdcs. An initial assessment article pdf available october 2018 with 4,224 reads how we measure reads. Figure 1 shows the outlook of gas demand in ghana by 2020. In 2004 the country sold licences for offshore oil exploration and production so called. As recruitment specialists, industry leaders have trusted us to recruit highly skilled professionals for their oil and gas companies for nearly four decades. This could be attributed to the fall in growth rate of the oil and gas activities from 80. Ghana is one of africas new oil and gas producing nations.
When the sankofa field commences gas production in the second half of 2018, ghana will be able to reduce its oil imports by up to 12 million barrelsyear and to. Gra in collaboration with the ghana oil and gas for inclusive growth programme is looking for an oil and gas industry expert with demonstrated experie. There are four 4 major oil and gas fields in the country. The future of ghanas oil and gas industry looks bright. In this paper, the potential sources of pollution in the upstream sector of the oil and gas industry and their effects on the environment are discussed. The crude oil production in nigeria is estimated to witness a decline of approximately 7. Local content and local participation legislation a. Government has continued to put the necessary policy and legal frameworks in place to strengthen the efficient management of ghanas oil and gas resources. Natural gas nnatural gas will drive the economic development of ghana nnational corporation, gnpc, playing lead role in. Ghana instructs eni and local producer to combine oil fields. The specific objectives are to examine a the processes involved in getting recruited to a rig b employment opportunities available for ghanaians c how the employment opportunities. Pages in category oil and gas companies of ghana the following 5 pages are in this category, out of 5 total. The measurement of gas in the unit of barrel is based on the approximate energy, released by burning one barrel of crude oil. Revenue authority gra the right to audit oil and gas companies for.
Ghanas experience with the oil and gas industry has. In any event, a company must have 5% equity participation by an indigenous ghanaian company to qualify to enter into a petroleum agreement or license, though the minister may vary this requirement when an indigenous ghanaian company is unable to satisfy the. Environmental policies and strategies in nigeria oil and. Applications for rights an indigenous ghanaian company will be given preference in the award of rights art. Boateng national forum on oil and gas development gimpa, accra ghana february 25 26, 2008 introduction ghana has four sedimentary basins fig. Estimating the effects of the development of the oil and gas sector. Box 17198 east legon accra natural gas crude oil other energy related products energy. My vision has been to more or less maintain our place as the forerunner in the oil and gas industry in ghana in the indigenous company category, says roy aboku, business development manager of. The reason for this is that the oil and gas industry in nigeria accounts for about 90%. Prior to 2007, the major laws and regulations governing the petroleum sector in ghana included. The measurement of gas in the unit of barrel is based on the approximate. This is done through presentations at various international oil and gas conferences, industry exhibitions and other forums. An overview of menergy group by badari narayana srinath. A minor find was made in 1970 in the saltpond field in eastern ghana and some 3.
It does not seem that there is funding capacity in the industry to drive the acquisition of some of the extremely expensive equipment in use in the industry. Upon the discovery of oil in commercial quantities offshore ghana in 2007, the. Oil and gas ghana list of ghana oil and gas companies. Assessment of fiscal regime and the government of ghana s estimated revenue from petroleum activities. In addition, the now repealed petroleum exploration and production law, 1984. Ghanas gas industry nationalization affecting lpg supply. Livelihood impact of the ghana gas processing plant at atuabo in western region, ghana vincent kofi asamoah masters thesis in development geography department of geography university of bergen may 2014 ghanas emerging oil and gas sector. Background oil exploitation in ghana began as far back as 1896 by the west african oil and fuel company.
Ghana is believed to have up to 5 billion barrels 790,000,000 m 3 to 7 billion barrels 1. The energy media group emg is a media firm established with prime focus on the energy sector and aimed to deliver reports purposively on its happenings, performances and stakeholders within the sector. The awards will be recognizing achievements from local and international companies involved in ghana oil and gas sector and will be rewarding those that have played a defining role in. And the misunderstanding appears to be at the highest levels of our civilpublic services. Current oil and gas jobs in ghana 2020 see jobweb ghana. A look into ghanas oil and gas industry news ghana. Oil and gas production had been hampered in nigeria in the past few years, due. Ghana statistical service gss, head office economic statistics directorate. Rental of various oilfield equipment and services to the oil industry in ghana and other west african countries.
Ghana is still in the early stages in developing its oil. Our local knowledge gives us the edge because we have a genuine insight into how the oil and gas industry operates in ghana and can offer prospective employees. Revenue watch institute and star ghana were set up in the year the announcement of discovery of oil in ghana was made as financial conduits to these 5 cso platform on oil and gas and other think. Presentation overview this presentation is divided into three distinct sections. Since then a revolution has taken place to begin the. The evidence suggests that ghanas local content and local participation legislation could be more effective in stimulating the growth of indigenous businesses in the oil and gas industry currently. List of oil and gas companies and services in ghana. It is in this regard that this article seeks to discuss the politics of oil and gas in ghana since commercial production began on 15 december 2010. Basic overview of ghana s emerging oil industry by thomas kastning for fes ghana. Market overview ghanas oil discoveries are all offshore in deep water. The paradox of the black gold article pdf available in research in social problems and public policy 18. Total natural gas exported from the jubilee field to the atuabo gas processing plantwas 1,906.
Ghana gnpc has conducted comprehensive evaluation of the oil and gas potential of all our sedimentary basins and packaged the potential which is promoted to the international oil and gas industry. Focus on regulatory as well as policy issues arising from the emerging petroleum sector in ghana. The ghana oil and gas awards and exhibition goga brings together players in the oil and gas industry. The demand for natural gas in ghana environmental sciences. The energy minister was addressing a stakeholder forum in accra on tuesday on ghanas upstream petroleum industry. All trademarks and s on this page are owned by their respective owners. My goal has been to create an engaging and accessible introduction to this. Introduction it is very important to note that each time environmental issues are mentioned in nigeria, the oil and gas industry readily comes to mind. Non oil gdp at current market prices by economic activity gh. Environment, policies, strategies, nigeria, oil and gas industry 1. The country remains a small producer in the gulf of guinea with current output at 126 000 barrels of oil per day bopd. Emerging oil industry by thomas kastning for fes ghana. Ghana continues to flare associated gas at the jubilee field, which has 600 million barrels of proven reserves, and a potential for about 1.