Author: Alexander Yeboah || Reporter & Photo Journalist Assigned For The Conference
Ghana’s petroleum sector has experienced significant growth, particularly since the discovery of oil in commercial quantities in the Jubilee fields in 2007. Average crude oil production capacity has been declining slightly over time, with an average 176,000 barrels per day in September 2021.
Some of the major oil and gas activities are conducted by international oil companies such as Tullow Ghana, Vitol, Kosmos Energy, ENI, and Aker Energy. Their sub-contractors include Schlumberger, Baker Hughes, Weatherford, Ocean Rig, and Technip.
The sector has been the subject of investment disputes, such as the one between the Springfield Group and Eni/Vitol.
Upstream activities in the Ghanaian petroleum sector include the procurement and refining of crude oil by the nation’s only petroleum refinery, Tema Oil Refinery (TOR).
Downstream activities include the marketing and distribution of petroleum products by Oil Marketing Companies (OMCs) and the pre-mixing of petroleum products for other industrial uses. OMCs operating in Ghana are mainly multinationals; however, the last decade has seen an increase in the establishment of several small and medium-sized local OMCs.
The Ghana National Petroleum Council (GNPC) has the mandate to explore oil within the nation’s territory. Ghana’s oil and gas prospects are significant. Recent discoveries appear to indicate oil and gas resources stretch across the country’s shoreline from Cape Three Points in the west to Keta in the east. The Volta Basin is also believed to hold oil and gas reserves onshore.
The Government of Ghana, through GNPC, seeks to maximize the country’s prospects in the oil and gas sector and extend the country’s continental shelf to increase the sector’s scope.
It is in this direction that Ghana led by the Minister of Energy, Hon. Matthew Opoku Prempeh must take full advantage as Canada hosts the next and 24th Edition of the World Petroleum Congress in Calgary from 17th to 21st September 2023.
Key critical matters in the oil and gas sector will come to play as the world gathers in Calgary in September.
The World Petroleum Conference is a global event organised by the World Petroleum Council that brings together industry professionals, experts, and stakeholders from the oil and gas sector.
It offers various opportunities such as:
- Networking: The conference provides a platform for attendees to network with industry leaders, potential business partners, and experts from around the world.
- Knowledge Sharing: Participants can gain insights into the latest trends, technologies, and advancements in the petroleum industry through presentations, panel discussions, and workshops.
- Business Opportunities: Companies can showcase their products, services, and innovations, leading to potential collaborations and business deals.
- Investment Opportunities: Investors attending the conference can explore investment possibilities in various oil and gas projects and companies.
- Policy and Regulatory Updates: Attendees can stay informed about changes in policies, regulations, and environmental practices affecting the petroleum industry.
- Professional Development: The conference offers opportunities for career growth and learning through workshops and sessions designed to enhance skills and knowledge.
- Industry Visibility: Presenting research, case studies, or projects can increase visibility and recognition within the industry.
Overall, the World Petroleum Conference is an excellent platform for participants to engage, learn, and explore new prospects within the oil and gas sector.
AmaGhanaOnline.com would fully participate in this international energy event and further educate followers, readers and Ghanaians in relation to all news updates.
Stay Glued!!!
