Local Content

MINISTRY OF ENERGY Republic of gold coast Local gist and Local Participation in select color Activities policy Framework FEBRUARY 26th, 2010 1 instrument panel of Content 1.0 insurance Context....................................................................................... 2 2.0 Policy Goal............................................................................................. 4 3.0 mint and Policy Framework................................................................ 4 4.0 Policy Objectives..................................................................................... 5 5.0 Policy Directions....................................................................................... 6 2 1.0 Policy Context Oil and blow emergence in Ghana In 2007 Ghana made discoveries of petroleum and be adrift in two deepwater blocks: Cape Three Points and Tano by Kosmos Energy and Tullow respectively. The two discoveries, referred to as the Jubilee case, is operated by Tullow as a unitised field. Appraisals conducted evince that the field contains expected recoverable militia of about 800 million vex of light primitive vegetable oil, with an tiptop potential difference of about 3 billion barrels as wholesome as remarkable quantities of associated natural screw up.

The breakthrough of moneymaking(prenominal) quantity of oil and gas provides Ghana an opportunity to efficaciously void foreign exchange requirements for the importation of oil as well as increase the countrys export earnings and to overly recrudesce gas-based industries. The expectation of Ghaneses as to the potential impact of the oil and gas find on the national thrift and the individual Ghanaian has great(p) significantly. Government Development Agenda A key study objective of Government is to grow the scrimping to rapidly achieve speed development and industrialisation. The oil and gas industry is cognize to contribute significantly to the virile economic growth of countries that mother oil and gas. It is anticipate that the...If you essential to get a generous essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper