The governing legislation for Ghana’s hydrocarbons sector was first passed in 1984, at a time when production was minimal. As a result, the discovery of far larger reserves and production potential in 2007 necessitated an overhaul of the country’s regulatory framework to accommodate everything from new revenues to environmental oversight. “Collectively, the legislation...
Energy
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Articles & Analysis | The country has become a major regional upstream producer from The Report: Ghana 2014
Roughly seven years after the discovery of oil, Ghana’s hydrocarbons sector has seen significant growth in terms of both production and infrastructure. Yet the industry is still very much a work in progress, with potential for investment across the value chain. The past few years have been busy ones, as the country needed to create an enabling environment for the sector from...
Interviews & Viewpoints | OBG talks to Abdalla Salem El-Badri, Secretary-General, OPEC from The Report: Ghana 2014
What effect will the growth of North American and non-OPEC production have on OPEC output?
Chapter | Energy & Utilities from The Report: Ghana 2014
Roughly seven years after the discovery of oil, Ghana’s hydrocarbons sector has seen significant growth in terms of both production and infrastructure, yet the industry is still very much a work in progress. New projects are being ramped up to develop the sector, including for the downstream segment. Ghana’s proven crude oil reserves were estimated at 660m barrels as of January 2013, which...
The country boasts the fourth-largest oil reserves and second-largest natural gas reserves in Africa, but production has declined in the last decade as existing fields mature. Changes to the regulatory framework in recent years have resulted in tighter capital inflows, but the government is working to encourage new investment and exploration to bolster production, including a long-awaited...
In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.