Audio By Carbonatix
Dr Egbert Imomoh, President of the Society of Petroleum Engineers(SPE) has stated that Ghana's oil find requires appropriate management techniques for maximum gains.
He said:"There is the need to prepare and put in systems that would ensure that the country derives maximum gains form the find."
Dr Imomoh said this at the Annual General Meeting of SPE members in Accra on Wednesday.
He noted that whilst the oil find was a most welcomed discovery, "it is what you do with it and how best you manage the resources that counts."
Dr Imomoh said as a matter of fact, the oil find would attract a lot of investors and other stake holders form both within and outside the country, but the government had the responsibility of ensuring that the country gained above everything else.
"The government should have a strong say in deciding what to do with the oil. Others would come in from all over, but the Government would have to finally decide."
Mr Tony Ogunkoya, Africa Region Director of SPE, said it was important for the communities living around the areas of the oil find to be involved with the new situation in a manner that courted their goodwill instead of contempt.
He said this was the best way to prevent any hostilities that could be sparked by the local communities because they might be peeved at being sidelined from the gains of the find.
The SPE seeks to improve upon the oil and gas industry, especially to help better the lot of local communities that live around these finds.
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.
Tags:
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
-
Amin Adam raises sovereign-bank nexus concerns as banks hold GH¢190bn in government debt
5 minutes -
Government to increase Free SHS feeding allowance in 2027 Budget – Haruna Iddrisu
10 minutes -
Nadowli-Kaleo NCCE engages women’s groups on rule of law, corruption fight
11 minutes -
Mahama visits factories in Afienya/Tema
16 minutes -
TraffiTech-GH pilot reduces road crash injuries, fatalities
21 minutes -
IMF Chief identifies 2 major threats posed by AI to global economy
26 minutes -
Go back to the hand washing days – Ghanaians told
31 minutes -
GoldBod commits GH¢35m to reclaim galamsey-damaged Tano Nimri Forest Reserve
36 minutes -
Afenyo-Markin reflects on loneliness of public service, says survival is largely spiritual
43 minutes -
Achimota Court designated to handle petroleum diversion cases – NPA CEO
51 minutes -
Bekwai court jails mine worker 14 years for defiling 8-year-old girl
56 minutes -
CHASS conference calls for collective action to tackle indiscipline in schools
1 hour -
Oil edges down as investors weigh possible US sanctions on ‘shadow fleet’
1 hour -
Netflix names former Disney executive Peter Rice as new content chief as Bajaria departs
1 hour -
India’s ‘cockroach’ protesters set to return despite police crackdown
2 hours