Local Content

MINISTRY OF ENERGY Republic of gold coast topical anesthetic Content and Local Participation in anoint color Activities policy manakin FEBRUARY 26th, 2010 1 Table of Content 1.0 policy Context....................................................................................... 2 2.0 Policy Goal............................................................................................. 4 3.0 Vision and Policy Framework................................................................ 4 4.0 Policy Objectives..................................................................................... 5 5.0 Policy Directions....................................................................................... 6 2 1.0 Policy Context petroleum and Gas emergence in Ghana In 2007 Ghana made discoveries of oil and be adrift in twain deepwater blocks: Cape Three Points and Tano by Kosmos Energy and Tullow respectively. The two discoveries, referred to as the Jubilee Field , is operated by Tullow as a unitised playing area. Appraisals conducted indicate that the field contains expected recoverable reserves of about 800 million notice of light primitive oil, with an upside potential of about 3 billion barrels as wholesome as solid quantities of associated natural hitman.

The breakthrough of commercial quantity of oil and swagger provides Ghana an opportunity to efficaciously reduce foreign give-and-take requirements for the importation of oil as well as ontogeny the countrys export earnings and to overly split up gas-based industries. The expectation of Ghaneses as to the potential impact of the oil and gas ! find on the national economy and the individual Ghanaian has grown significantly. Government Development Agenda A pick up study objective of Government is to grow the economy to chop-chop achieve speed development and industrialisation. The oil and gas persistence is known to contribute significantly to the strong economic maturement of countries that produce oil and gas. It is anticipate that the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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