Audio By Carbonatix
The Energy Minister, John Peter Amewu, has hinted of plans to encourage more exploratory activities in the petroleum upstream sector.
Known as the “Upstream Blueprint,” these set of guidelines according to Mr Amewu, when implemented, will increase Ghana’s chances of discovering more oil.
Speaking to JoyBusiness at the 2019 Ghana Energy Awards, Mr Amewu said, “To be able to increase exploratory activities you must allow operators of the field to hold on to some of the acreages that, hitherto, would have been relinquished; the initial framework was that after the P.O.D approval you need to relinquish some of the sections but the R.A.C had the view that if they held on onto those sections there can still be a further exploratory activities,” he said.
He added, “So what we have done now is to design this upstream blueprint to enable them to hold on and by doing so we need to review the regulations which currently we’ve done, it’s in parliament after which it will become very effective.”
The Energy Minister says the blueprint will be implemented before the end of the year.
“We’ve done about 5 days already so getting closer to December ending, before parliament rise, we should have it effective,” he said
He believes this is part of commitments to driving growth in the petroleum sector.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CJ’s remarks on SOEs were made in good faith, not to undermine judicial independence – Judicial Service
34 minutes -
This is an attempt to break the Minority caucus – Patricia Appiagyei on alleged GH¢70k payment
1 hour -
‘OSP hasn’t contacted me’ – Patricia Appiagyei assures cooperation if invited
2 hours -
I find it strange that this memo was purportedly written by me – Patricia Appiagyei
2 hours -
Ayariga calls for stronger church partnership to tackle sanitation, environmental challenges
2 hours -
I don’t think we have an industry – Patchbay Band manager
2 hours -
Patchbay Band questions recognition of live bands in Ghana’s music industry
2 hours -
Newsfile to discuss SOEs’ GH¢19.8bn profit, dissolution of 9 boards, CJ’s visits to SOEs, GH¢70k gift rejection
3 hours -
BoG warns against spraying, defacing and using cedi notes for decorations
3 hours -
Adwumawura: Selected applicants to receive notifications from today – NEIP CEO
3 hours -
‘Fake memo’ fabricated to smear me – Patricia Appiagyei
3 hours -
ATLF2026: Culture, investment and tourism take centre stage as Africa’s tourism leaders gather in Polokwane
3 hours -
TI-Ghana and GACC demand full disclosure over alleged GH¢70,000 Appointments Committee payment
4 hours -
UN approves resolution in support of map that shows Africa’s true size
4 hours -
Spring Agro Industries urges Ghanaians to choose local rice as imports dominate market
4 hours