THE Ghana National Petroleum Corporation (GNPC) has said that the continued investments in the country’s upstream oil and gas sector are clear indications that the country has chalked up phenomenal success in regulating the sector.
According to the GNPC officials, the country’s successes have stimulated further interest among players across the West African Atlantic Margin.
“These achievements, however, cannot be attributed to a small segment of obvious players in the industry but a large fraternity of players, some of whom are providing intangible services towards the attainment of the industry’s goal,” the Geophysics Manager at GNPC, Mr Theo Ahwireng, said in Accra.
Mr Ahwireng was addressing a press conference to launch the 2013 edition of Offshore West Africa (OWA) Oil and Gas conference and exhibition.
The three-day conference, which is to be held from March 19-21 on the theme, “Exploring the dynamics of West Africa Offshore,” is expected to provide a platform for stakeholders to share ideas and learn from experts on the latest technologies and solutions relating to offshore exploration.
The programme, to be hosted by the GNPC with sponsorship from Tullow Oil, among other stakeholders, would combine a high-class conference to demonstrate newer technologies in exploration and production of oil.
Plenary sessions, which would be held as part of the programme, would see various speakers from Ghana, the United States, the United Kingdom and other areas presenting papers on topics on Deep Water Project Economics, Well Construction and Drilling Operations, Field Developments, Floating Production Systems, among other topics.
According to the organisers, Penwell Corporation, a United States-based diversified business-to-business publishing company, the OWA, had become a leading oil and gas platform where experiences and technologies are shared and businesses are developed.
Over 60 exhibitors are expected to participate in the three-day event which would also bring together national and international operators.
Mr Ahwireng said in spite of a drop in the production level at the Jubilee fields, tremendous gains had been made with the production of 100,000 barrels of crude oil on a daily basis.
“The focus on Ghana today in the West African sub-region, in spite of production activities still in its early days, is not accidental,” he said.
He indicated that the OWA platform would afford Ghana the opportunity to reflect and take stock of the various actors pursuing interests that were likely to be to the greater good of the industry.
He expressed the hope that the OWA would also afford local experts the opportunity to make contacts and strike business deals that would help the country to shape the agenda for the growth of the different facets of the industry
The Coordinator of Local Content at the Petroleum Commission (PC), Dr Juliette Twumasi-Anokye, announced that the commission was registering all operators in the up-stream sector to enable officials to monitor the issues relating to procurement and employment as part of the local content policy.
The Director of Offshore Conferences, Mr David Paganie, had earlier in his welcome address, said the growing business opportunities in the sub-region had, necessitated the need to aid the region to maximize the potentials of its resources.
He expressed the hope that participants would take advantage of the business opportunities that the forum would create to contribute their quota to the sub-region’s development.
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