Local content is an obligation recognized in any exploration and production contract (such as concession agreement or petroleum agreement) or by law or regulation and enjoining companies to procure a minimum percentage of goods, equipment, and services from local suppliers.
The object behind Ghana's local content requirement is to ensure the involvement of Ghana's own industry, including its national oil company (i.e, Ghana National Petroleum Corporation), in the development of the exploration, production, and decommissioning value and supply chain.
One of the more significant key objectives sought to be actualized under the local content platform is the maximization of the benefits of oil and gas industry wealth generation on a comprehensive local content platform by maximizing the use of
The Petroleum Commission. The Petroleum Commission, created by Petroleum Commission Act 2011, was established for the purpose of overseeing activities in the country's petroleum industry and its functions extend to promoting local content and local participation in petroleum activities as prescribed in the Petroleum Exploration and Production Act 1984 and other applicable laws and regulations to strengthen national development.
In exercise of powers conferred on the Minister of Energy by Act 821, Ghana's Local Content and Local Participation Regulations were made. The regulation, which came into force on 20 November 2013, is known as Petroleum (Local Content and Local Participation) Regulations 2013 L.I 2204. Despite establishing the Local Content Committee, the Commission still retained its duty of promoting local content and local participation in the petroleum activities and shared the responsibility of implementing the provisions of the regulations with the Local Content Committee.
Local Content Committee. The Local Content Committee was established by Regulation 5 of L.I 2204 and is saddled with the duty of overseeing the implementation of the regulations. The duties of the committee extend to:
The committee is further required to submit quarterly reports of its activities to the commission.
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
17 Mar 2020
- Calgary, Alberta, Canada
In this course, discover the field applications of machine learning with a focus on reservoir characterization, production analysis and prediction, and recovery enhancement.
9 - 11 Mar 2020
- Muscat, Oman
Shaping the Future of the Energy Industry.
29 - 30 Apr 2020
- Brisbane, Australia
We are in the throes of an energy transition - our energy system is evolving rapidly and diversifying, decarbonising and decentralising.
22 Apr 2020
- Bergen, Norway
The SPE Norway Subsurface Conference brings together the E&P industry to expand industry technical knowledge, connect with innovators and leaders and address technical challenges facing upstream oil and gas professionals.
29 Jan 2020 22:30 GMT
- Live, then On Demand
19 - 20 Feb 2020
- Lafayette, Louisiana, USA
Covering issues related to the identification, prevention, and remediation of formation damage
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2020 Society of Petroleum Engineers, All Rights Reserved.