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Local content in oil sector awards launched

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A local content and oil and gas consultant, Dr Anthony Paul, is advocating closer collaboration between the stakeholders of Ghana’s oil and gas industry in order to create space for more local content in the industry. Dr Paul spoke to Star News in Takoradi during the launch of the Ghana Local Content Awards.

The Local Content Bill was passed parliament by in 2013 to ensure that local entrepreneurs are able to participate in the oil and gas industry. As part of its provisions, the law requires that there be at least 5% equity participation by an indigenous Ghanaian company other than the GNPC to qualify international oil companies entry into the local oil and gas industry. Two years down the line, the oil sector has seen more involvement of indigenous companies but there is still more room for improvement.

Speaking to Star News at the launch of the Ghana Local Content Awards, organized by the Sekondi Takoradi Chamber of Commerce, Oil and Gas Consultant Dr Anthony Paul  suggested closer collaboration between various institutions involved in the industry.

The Ghana Local Content Awards will be a permanent fixture in the Ghana Extractive Industries Safety Conference. The nominees will be selected by a three member committee based on the analysis of each reviewer’s recommendations. Dr Paul encouraged the STCCI to maintain integrity in the selection of awardees.

Source : http://www.spyghana.com/local-content-in-oil-sector-awards-launched/

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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