Local content is an obligation recognized in any exploration and production contract (such as concession agreement or petroleum agreement) or by law or regulation and enjoining companies to procure a minimum percentage of goods, equipment, and services from local suppliers.
The object behind Ghana's local content requirement is to ensure the involvement of Ghana's own industry, including its national oil company (i.e, Ghana National Petroleum Corporation), in the development of the exploration, production, and decommissioning value and supply chain.
One of the more significant key objectives sought to be actualized under the local content platform is the maximization of the benefits of oil and gas industry wealth generation on a comprehensive local content platform by maximizing the use of
The Petroleum Commission. The Petroleum Commission, created by Petroleum Commission Act 2011, was established for the purpose of overseeing activities in the country's petroleum industry and its functions extend to promoting local content and local participation in petroleum activities as prescribed in the Petroleum Exploration and Production Act 1984 and other applicable laws and regulations to strengthen national development.
In exercise of powers conferred on the Minister of Energy by Act 821, Ghana's Local Content and Local Participation Regulations were made. The regulation, which came into force on 20 November 2013, is known as Petroleum (Local Content and Local Participation) Regulations 2013 L.I 2204. Despite establishing the Local Content Committee, the Commission still retained its duty of promoting local content and local participation in the petroleum activities and shared the responsibility of implementing the provisions of the regulations with the Local Content Committee.
Local Content Committee. The Local Content Committee was established by Regulation 5 of L.I 2204 and is saddled with the duty of overseeing the implementation of the regulations. The duties of the committee extend to:
The committee is further required to submit quarterly reports of its activities to the commission.
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
5 - 6 Nov 2018
- The Hague, The Netherlands
Online Registration is Open!
29 - 31 Oct 2019
- Bali, Indonesia
Call for Papers is Now Open.
1 - 2 Nov 2018
- Pittsburgh, Pennsylvania USA
American Association of Engineering Societies (of which SPE is a member) is bringing together many engineering disciplines to consider approaches to sustainability.
11 Nov 2018
- Abu Dhabi, UAE
Training course by Dr. Kamel Ben-Naceur
5 - 7 Nov 2018
- Houston, Texas
Attend and take this opportunity to contribute to the expanding interest in onshore and offshore activities at high latitude!
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2018 Society of Petroleum Engineers, All Rights Reserved.