As a consequence, the ghanaian parliament passed the long awaited petroleum exploration and production bill into law on 5 august 2016 the act. In october 2016, tullow ghana sent a notice of force majeure to seadrill ghana in respect of the west leo contract. To complement our more detailed ghana upstream summary we provide a. A bill entitled petroleum exploration and production act, 2014 an act to provide for the establishment of a fiscal and legal regulatory framework for the management and regulation of petroleum activities in accordance with articles 7 and 22b of the constitution of the republic of liberia and for related matters. Production sharing agreement the framework for managing the upstream petroleum industry in ghana before the discovery of oil in commercial quantities was established and given legal backing by two main statutes, pndc law 64 which established gnpc and the petroleum exploration and production law, pndc law 84. An act to regulate petroleum exploration, development and production in zambia. Total crude oil production in 2016 was 32,297,780 bbls, compared to 37,411,661 barrels for the same period in 2015. Its production rate is estimated to be about 80,000 barrels daily. The ghana national petroleum corporation gnpc on behalf of government of ghana, made seven oil liftings in 2014, two each in the first two quarters and one lifting in the third and two. The upstream oil and gas activities in ghana consist of exploration.
Framework for managing upstream petroleum industry in ghana the framework for managing the upstream petroleum industry in ghana is established and given legal backing by two main statutes, pndc law 64 and the petroleum exploration and production law, pndc law 84, supplemented by the petroleum income tax law, pndc law 188 of 1987. In exercise of the powers conferred upon the minister responsible for. The petroleum exploration, development and production national content regulations, 2016. By constance ababio imani africa the forum was jointly organized by the natural resource governance institute ngri and africa center for energy policy acep to initiate discussions on how the new petroleum exploration and production act which replaced the old petroleum exploration and production act, 1984 addresses the weaknesses of the later. The petroleum industry in ghana entered a new phase in its development, with the discovery of larger commercial quantities of oil and gas in deepwater offshore ghana. Petroleum exploration bill before parliament epa guidelines on petroleum exploration eia, esia, sea strengthening environmental governance of the oil and gas r in ghana programme epa act before parliament to manage oil resources and income from oil gnpc in place ghana is member of oil for development ofd programme. Ghanas parliament has passed the petroleum exploration and production bill, 2016 into law. Petroleum exploration and production bill, 2016 3 the commission may, where an agreement for use is not reached within a reasonable period of time, stipulate the tariffs and other conditions for use, having due regard to resource management consider ations and a reasonable return on investments for the owner. Petroleum exploration and production general regulations 2018, l. Using reports from the petroleum transparency and accountability index, official records from key state agencies, and interviews with core individuals within the petroleum sector, the paper assesses the quality of transparency and accountability in the. The importance of balancing petroleum production with conservation of the. Yesterday august 4, 2016, the petroleum exploration and production bill, 2016, was passed into law, after a long and extensive consultative process the petroleum industry in ghana entered a new phase in its development, with the discovery of larger commercial quantities of oil and gas in deepwater offshore ghana. The ghana shipping protection of offshore operations and assets regulations 2011 made under the ghana shipping act provides the follows.
A comprehensive examination of ghanas new law, the petroleum exploration and production act 2016, is then provided. Uk prime ministers summit on tackling corruption in london 12 may 2016 ghana country statement. Two new oil and gas projects have come onstream since production started at the jubilee field in 2010, with current production levels at. Revenue administration bill, 2016 authorisation and protection of tax officers 2. The ghana national petroleum corporation gnpc was established by the.
Request pdf act 919 of 2016 and its contribution to governance of the upstream petroleum industry in ghana in august 2016, the ghanaian parliament marked the advent of a new era for the. Ghanas parliament passed extensive amendments to its petroleum revenue management act and the petroleum exploration and production bill which updates a 1984 petroleum law and seeks to make the management of ghanas petroleum resources more transparent. Ghana is in the process of updating the legal framework governing the petroleum sector with a new petroleum exploration and production ill the. In august 2016, the ghanaian parliament marked the advent of a. Transparency and accountability in the management of oil. In may 20, the plan of development for ten was approved by the government of ghana and tullow commenced its second major operated deepwater development.
Ghanas petroleum exploration and production bill, 2016, has been passed into law, after a long and extensive consultative process, yesterday, august 4th 2016. Your centre for advice, knowhow, and the latest legal developments. The ghana national petroleum corporation law 1983 is now outdated, in light of the corporations evolving role in the larger institutional framework governing the petroleum sector. Other fields expected to commence production include eland oils gbetiokun, shells southern swamp, with increased output from sonam and gbaran ubie phase 2, which began production in 2017. The petroleum exploration and production act 2016, act 919 requires any company that intends to engage in the exploration, development or. Tagged petroleum production and exploration bill, it aimed.
Yesterday august 4, 2016, the petroleum exploration and production bill, 2016, was passed into law, after a long and extensive consultative process. On august 4th, the petroleum exploration and production bill, 2016, was passed into law, after a long and extensive consultative process, aimed strengthening and improving the legal environment governing the exploration and production of fossil fuel. Petroleum exploration and production law 2016 act 919. Revenue administration bill, 2016 local governance bill. Ghana extractive industries transparency initiative. Ghana is committed to preventing the misuse of companies and legal arrangements to hide. The field is tullows key asset and generates significant highmargin oil production for the group.
Petroleum production and exploration act, 2016 petroleum exploration and production general regulations and model petroleum agreement, 2018 state oil company state participation. Tullow ghana claimed that the field the rig had been hired for was subject to a drilling moratorium by the government of ghana. The petroleum commission was established by an act of parliament, 2011 act 821 as a result of hydrocarbon discoveries in commercial quantities, to regulate and manage the utilisation of petroleum resources and, coordinate the policies in the upstream petroleum sector. The second reason why the petroleum bill is being rushed through parliament is that the. Under sections 125 4 b, 183 3 x and 183 ag of the petroleum exploration, development and production act, 20, act no. The bill should therefore specify the new overall role. This year, the petroleum bill is back in the spotlight. Steady growth in ghanas petroleum industry lower international oil prices in recent years have caused slowdowns in petroleum industries across the globe. Amni international petroleum development company ghana limited is owned by. The current phase of oil exploration in uganda offers a unique and exciting chance. L 84 and other applicable laws and regulations to strengthen national. Key amongst these are the petroleum exploration and production law.
Oil and gas law and practice in ghana global practice guides. The current draft of the legislation has been tabled in parliament and referred to the parliamentary select committee on mines and energy for consideration. Act 919 of 2016 and its contribution to governance of the. With its passage, the act repeals the pndcl 84, although it makes. Ghanas parliament passed extensive amendments to its petroleum revenue management act and the petroleum exploration and production bill which updates a 1984 petroleum law and seeks to make the management of ghanas petroleum resources more. Energy laws and regulations ghana laws and regulations. The bill, which still needs to be passed by the house of representatives and assented to by the president of the frn before it becomes law, seeks to establish a framework for the creation of commerciallyoriented and profitdriven petroleum entities, to ensure. Parliament also approve s of annual budget of the country, w hich since 2011 capture d receipts from crude sales. The petroleum exploration, development and production bill, 2015 2315 50grant of nonexclusive exploration permit. Petroleum commission ghana petroleum commission ghana. The base case for ghanas oil output in 2018 is for production to gradually rise to 240,000 bd by mid2018, following completion of repairs at the jubilee.
The petroleum exploration, development and production bill, 2017 1573 49 application for nonexclusive exploration permit. In 2004 the country sold licences for offshore oil exploration and production so called blocks to different international companies. Constitution of ghana download here ghana model petroleum agreement download here ghana national petroleum corporation law 1983 download here jv guidelines download here local content and local participation regulations l. Ghana is a party to unclos which is implemented in ghana by the maritime zones delimitation law, pndcl 159. Tullows second major discoveries and subsequent development in ghana is the ten field. Petroleum existing in its natural state in, under or upon any land in. Ghana is in the process of updating the legal framework governing the petroleum sector with a new. In august 2016 the ghanaian parliament marked the advent of a new era for the country. Act 919 of 2016 and its contribution to governance of the upstream. Petroleum commission act ghana annual ghana summit. Petroleum exploration and production act, 2016 act 919. Ghana, a relatively newer producer of oil on the continent, has shown some level of seriousness with governance of its oil industry. The 2016 annual report on the petroleum funds has been prepared in line with section 48 of the petroleum revenue management act, 2011 act 815, as amended act 893, to cover the collection, utilisation and management of petroleum revenue during the 2016 fiscal year.