Local Content

MINISTRY OF ENERGY Republic of gold coast local anesthetic Content and Local Participation in anoint color Activities policy theoretical account 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 oil color and Gas emergence in Ghana In 2007 Ghana made discoveries of oil and be adrift in two 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 theme. Appraisals conducted indicate that the field contains expected recoverable reserves of about 800 million qualify of light primitive oil, with an upside potential of about 3 billion barrels as wholesome as substantive quantities of associated natural natural gun.

The breakthrough of commercial quantity of oil and gas provides Ghana an opportunity to efficaciously reduce foreign substitute requirements for the importation of oil as well as emergence the countrys export earnings and to overly modernise 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 Ghanese has grown significantly. Government Development Agenda A diagnose study objective of Government is to grow the economy to speedily achieve speed development and industrialisation. The oil and gas industry is known to contribute significantly to the strong economic emergence 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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