Local Content

MINISTRY OF ENERGY Republic of gold coast local Content and Local Participation in anoint color Activities policy manikin FEBRUARY 26th, 2010 1 Table of Content 1.0 insurance Context....................................................................................... 2 2.0 Policy Goal............................................................................................. 4 3.0 Vision and Policy Framework................................................................ 4 4.0 Policy Objectives..................................................................................... 5 5.0 Policy Directions....................................................................................... 6 2 1.0 Policy Context inunct and Gas emergence in Ghana In 2007 Ghana made discoveries of oil and be adrift in cardinal deepwater blocks: Cape Three Points and Tano by Kosmos Energy and Tullow respectively. The two discoveries, referred to as the Jubilee Field, is opera ted by Tullow as a unitised sector. Appraisals conducted indicate that the field contains expected recoverable reserves of about 800 million bewilder of light primitive oil, with an upside potential of about 3 billion barrels as wholesome as of import quantities of associated natural turgidityconade.

The breakthrough of commercial quantity of oil and gas provides Ghana an opportunity to efficaciously reduce foreign change over requirements for the importation of oil as well as append the countrys export earnings and to overly expand gas-based industries. The expectation of Ghaneses as to the potential im pact of the oil and gas find on the national! economy and the individual Ghanian has grown significantly. Government Development Agenda A primaeval study objective of Government is to grow the economy to rapidly achieve speed development and industrialisation. The oil and gas sedulousness is known to contribute significantly to the strong economic yield of countries that produce oil and gas. It is anticipate that the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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