After a successful mission to Aberdeen Scotland in June, the Petroleum Commission has set its eyes on one of the world’s largest exporter of oil, Norway.

The Petroleum Commission is leading a delegation of about 40 Ghanaian companies to Stavanger, Norway’s oil capital to explore business opportunities in the upstream petroleum sector.

The delegation will be taking part in the 2018 Offshore Northern Seas (ONS) Conference which opens from 27th-30th August 2018.

The ONS takes place every second year in Stavanger, Norway. Founded in 1974, ONS has developed into a global energy meeting place connecting international suppliers, operating companies and decision makers.

Why is the Petroleum Commission heading to ONS?

The Petroleum Commission was established to regulate and manage the utilization of petroleum resources in the upstream petroleum sector and coordinate the policies in relation to them.

The Commission has the mandate to promote investment in the upstream industry and support local participants in the oil and gas industry to take an active role in the sector.

What would the Petroleum Commission do at ONS?

Aside from taking part in the conference, the Ghana Mission would have the opportunity to address investors from all over the world at a Ghana International Market Session.

The CEO of the Petroleum Commission Egbert Faibille Jnr and Chief Director at the Ministry of Energy and Petroleum, Lawrence Apaalse would address investors on “Making Ghana an attractive market for Investments”.  

It would be followed by business to business meetings between the Trade Mission and interested participants at the Ghana session.

CEO of the Petroleum Commission, Egbert Faibille Jnr and Chief Director at the Ministry of Energy and Petroleum, Lawrence Apaalse

Norwegian Investment in Ghana’s oil sector

In June this year, Aker Energy Ghana AS, a subsidiary of Aker Energy ASA a Norwegian Holding company got approval from the government to take over Hess Ghana stake in the Deepwater Tano Cape Three Points block.

 The Petroleum Commission expects this Trade Mission in collaboration with Norwegian Energy Partners (Norwep) to provide networking opportunities between Ghanaian companies and Norwegian companies.