BTA Admin Today, the Public Interest and Accountability Committee (PIAC) will begin a two-day session to discover answers to the country’s diminishing crude oil production.
The Public Interest and Accountability Committee (PIAC) hosts the Technical Consultative Workshop, which brings together over 300 local and foreign specialists.
Participants will be drawn from PIAC’s membership and staff, Petroleum Commission (PC), Ghana National Petroleum Corporation (GNPC), Ghana National Gas Limited Company (GNGLC), government officials and policymakers, representatives from international oil and gas companies in the country, international industry experts in Norway, Libya, and the United Arab Emirates (UAE), Indonesia, and local industry experts and consultants, civil society groups, academia, and research.
In an interview, PIAC Chairperson Emerita Professor Elizabeth Ardayfio-Schandorf stated that the engagement’s goal is to provide a comprehensive technical forum for stakeholders to conduct meaningful discussions and produce concrete solutions to the country’s diminishing crude oil production.
She stated that the workshop will provide an overview of Ghana’s current oil production landscape, identify technical and regulatory challenges that are causing production to decline, provide and discuss innovative solutions and strategies to improve production, and strengthen collaboration among key stakeholders to reverse the decline and maximise production for economic benefit.
According to information available to the Daily Guide, Ghana’s upstream oil and gas sector has played a key role in economic development since the start of commercial production on the Jubilee Field in 2010, as evidenced by the industry’s increasing contribution to total government revenue since 2010, contributing an average of 8% over the last five years.
“The coming on stream of the Tweneboa, Enyenra, and Ntomme (TEN) Fields in 2016 and the Sankofa Gye Nyame (SGN) Fields in 2017, further propelled this growth with more revenues being accrued to support economic development,” PIAC said.
