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Ghana EITI Seminar Presentation

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Information about Ghana EITI Seminar Presentation

Published on July 17, 2008

Author: EPetrilli

Source: slideshare.net

Description

International Oil and Gas Resource Management Seminar, April 27-30, 2008; held in Libreville, Gabon
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Seminar Presentation By The Ghanaian Delegation

GENERAL OVERVIEW Ghana is not yet producing hydrocarbons In July 2007, announcement of discovery of oil in commercial quantities – 65km offshore Confirmed volume is 500million Barrels of oil Exploitation is by 2 private companies in partnership with the national company

Ghana is not yet producing hydrocarbons

In July 2007, announcement of discovery of oil in commercial quantities – 65km offshore

Confirmed volume is 500million Barrels of oil

Exploitation is by 2 private companies in partnership with the national company

MEDIUM TERM Production figures are not confirmed yet Anticipation that production will commence in 2010 There are new areas for exploration including some inland areas This will be done mostly by competitive bidding with direct negotiations in limited circumstances

Production figures are not confirmed yet

Anticipation that production will commence in 2010

There are new areas for exploration including some inland areas

This will be done mostly by competitive bidding with direct negotiations in limited circumstances

TYPE OF OIL AGREEMENT Production sharing agreement The national oil company is the commercial arm of Government under the Ministry of Energy

Production sharing agreement

The national oil company is the commercial arm of Government under the Ministry of Energy

REVENUE MANAGEMENT No revenue generated yet There is no oil EITI but it is available for mining Its expected to extend the EITI to include oil and gas No funds established yet BUT policy development anticipates the establishment of both a stabilization and savings of future generation funds

No revenue generated yet

There is no oil EITI but it is available for mining

Its expected to extend the EITI to include oil and gas

No funds established yet BUT policy development anticipates the establishment of both a stabilization and savings of future generation funds

MERCI BEAUCOUP !

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