This book explores the myriad issues that play out in the upstream petroleum industry of Ghana from a legal perspective. Focusing on Ghana as an emerging petroleum country, Thomas Kojo Stephens begins by examining whether the existing constitutional framework will be effective in governing the expanding oil and gas sector. Drawing on various approaches proffered by other experts in the field, Stephens looks at possible institutional structures that could be put in place and juxtaposes these ideas with the experience of Ghana to test the efficacy of these proposals. He also explores the types of contractual frameworks currently implemented in Ghana for comparison with other emerging petroleum economies, examining the barriers to effectiveness, novel provisions that must be incorporated, and lessons learned from other regions. Finally, the book highlights how vital it is for the Ghanaian State to monitor the use of petroleum revenue and make ethical investment decisions that prioritize the interests of Ghanaian citizens. Upstream Oil and Gas in Ghana will be of great interest to students and scholars of energy law and policy, oil and gas management, and African Studies more broadly, as well as those working in the upstream petroleum industry.

This book explores how Ghana has managed its newfound oil wealth and utilised the revenues to drive inclusive economic growth and development after ten years of oil and gas extraction. This is particularly poignant given that some of Ghana's neighbours and peers that have been producing oil and gas for several decades continue to suffer from the 'resource curse' or 'paradox of plenty syndrome'. Topics covered in the book include upstream licensing and contracting, regulatory regimes and institutional capacity, fiscal regimes, maritime border delimitation, and national oil company operations. Others include social inequities and injustice of Ghana's oil and gas, fiscal policy and revenue administration, local content, developing gas markets, and the potential impact of the energy transition. The book is a compilation of leading work on petroleum resource management practices in an emerging petroleum-producing country context. Petroleum Resource Management in Africa provides policymakers, industry and academia with a comprehensive distillation and synthesis of the operational context and the lessons learned from ten years of oil and gas in Ghana. At the same time, the findings in this book are articulated into a comprehensive series of core recommendations that serve as an international reference on Africa's upstream oil and gas industry. It will be of interest to anyone interested in resource and development economics. Theophilus Acheampong is Associate Lecturer and Honorary Research Fellow at the Aberdeen Centre for Research in Energy Economics and Finance (ACREEF), The University of Aberdeen, and also an Associate Lecturer at the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP), The University of Dundee. He is also co-Founder of the iRIS Research Consortium, and a non-resident Senior Fellow at Ghanaian Think Tank IMANI Centre for Policy and Education, all based in Accra, Ghana. Thomas Kojo Stephens is a Senior Partner at Stobe Law in Accra, Ghana, and the Head of the Transactional, Oil and Gas Practice, as well as the Consultancy Group of the firm. He is an Advisory Board Member of the International Energy Law Advisory Group (IELAG), a Principal Trainer at the International Energy Law Training and Research Company (IELTRC), and a former Vice-Chairman of Ghana's Public Interest and Accountability Committee (PIAC), a statutory body with oversight over the use of Ghana's petroleum revenue. He is also a Senior Lecturer at the University of Ghana School of Law.

“Given the number and calibre of the companies that expressed interest in our maiden oil and gas licensing round, it suffices to say that Ghana’s oil and gas industry is attractive and promising.” Hon. John Peter Amewu, Minister of Energy The Oil & Gas Year Ghana 2020 delves into the country’s developments a decade after first oil. This year’s edition covers a range of topics, including the country’s first-ever licensing round, measures aimed at boosting investor confidence, the government’s plans to turn Ghana into a regional logistics and petroleum hub, the increasing role gas is playing in the country’s energy mix and the achievements of the local content law since its enactment in 2013. “The exciting aspect about this achievement [the Afina-1x well discovery] is that it’s not just for Springfield, but is for the entire continent – to say that Africans can do things and we do them very well once we put our minds to it. We think that this will unleash the potential of Africa.” Kevin Okyere, Founder and CEO of Springfield Group, TOGY Ghana 2020 Indigenous Company of the Year Ghana is putting the pieces in place to increase its energy profile on the African continent, such as expanding E&P activities to reach 500,000 bopd by 2024, initiating policies to increase transparency in the awarding of blocks and ultimately creating a regional hub for the hydrocarbons industry. Produced in partnership with the Ministry of Energy, this fourth edition of The Oil & Gas Year Ghana provides insight to investors and companies looking at strategic opportunities in the country at a time when Ghana’s oil and gas industry is aiming to double production.

Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive not only with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of the oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend knowledge of the sector in ways that existing books do not. The book includes relevant cases and, thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry, and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.

This book explores Ghana’s newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered. Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics.

The oil and gas industry is a complex sector with significant reach in terms of providing the energy needs of the global economy and the security, environmental and development consequences thereof. In particular, the sector is extremely important for the economic growth of emerging markets and developing countries. Furthermore, the life span of oil and gas resources is finite, with high health and safety risks and substantial environmental costs that require careful management and sustainability practices to ensure optimal extraction and utilisation of these resources. This book examines the challenges and opportunities in the oil and gas industry, in the context of emerging markets and developing economies. It provides comprehensive coverage of the management and sustainability practices of the sector, the environmental impact and sustainability of resources as well as the businesses that operate in the sector across the entire value chain. It addresses the current discourse on topics such as the Sustainable Development Goals, the Green Economy, the Paris Agreement and Glasgow Climate Pact and concludes with a chapter on the future of the oil and gas industry. The discussions around energy and energy transitions in particular continue to gain momentum and the book provides a wide-reaching and up-to-date overview of the industry. The book introduces readers to the concepts and formal models of analysis in the oil and gas sector and will serve as a useful resource for students, scholars and researchers in operations, marketing, procurement and supply chain management, project management, health and safety management, environmental economics, natural resource economics, development finance, and development studies. Researchers and practitioners working in these areas will also find the book a useful reference material.

“This is a country where the demand profile around resources is growing significantly. The demographics are very exciting, so we are extremely bullish on Ghana.” Wissam Al Monthiry, Managing Director, Tullow Oil Ghana The Energy Year Ghana 2022 highlights Ghana’s strategy to monetise its hydrocarbons resources and capitalise on its socioeconomic stability to become a regional petrochemicals hub and to spread the use of natural gas and LNG – altogether reinforcing the country’s potential as an emerging energy hub in West Africa. “Using natural gas as the fuel for industrial expansion is going to be the pillar of growth for socioeconomic development in the whole African continent.” Ben Asante, CEO, Ghana National Gas Company The Energy Year Ghana 2022 portrays a detailed picture of Ghana’s energy scene under President Nana Akufo-Addo’s renewed administration, focusing on the varied efforts the country is undertaking to enhance its oil and gas production, upgrade its refining capacity and push for an energy transition. This edition’s Year’s Focus chapter on oil and gas infrastructure includes an infographic detailing the petroleum hub development plans and an editorial focus on the projects, companies and service providers that are setting the groundwork for Ghana’s energy self-sufficiency. Produced in partnership with the Ministry of Energy, National Petroleum Authority and the Petroleum Commission, this fifth edition of The Energy Year’s Ghana series delivers insight to potential investors on the government’s efforts to push the energy industry forward, providing a clear picture of Ghana’s opportunities at a time when gas is the new oil and the country is driven by its pursuit of the energy transition.