Local Content

MINISTRY OF ENERGY Republic of gold coast local Content and Local Participation in anoint color Activities policy poser FEBRUARY 26th, 2010 1 Table of Content 1.0 constitution 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 inunct and Gas emergence in Ghana In 2007 Ghana made discoveries of oil and be adrift in deuce deepwater blocks: Cape Three Points and Tano by Kosmos Energy and Tullow respectively. The two discoveries, referred to as the Jubilee Field, is operate d by Tullow as a unitised theatre. Appraisals conducted indicate that the field contains expected recoverable reserves of about 800 million jell of light primitive oil, with an upside potential of about 3 billion barrels as wholesome as profound quantities of associated natural fumble.

The breakthrough of commercial quantity of oil and ball up provides Ghana an opportunity to efficaciously reduce foreign sub requirements for the importation of oil as well as ontogeny the countrys export earnings and to overly baffle gas-based industries. The expectation of Ghaneses as to the potential impact of the oil and gas find on the national econom! y and the individual Ghanese has grown significantly. Government Development Agenda A severalise study objective of Government is to grow the economy to chop-chop achieve speed development and industrialisation. The oil and gas diligence is known to contribute significantly to the strong economic proceeds 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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