Gov't'll continue to deepen local content in oil & gas – Mercer

A Deputy Energy Minister, Mr Andrew Egyapa Mercer, has reiterated the NPP government’s commitment to local content and participation in Ghana’s oil and gas industry.
This, according to Mr Mercer, would ensure that Ghanaians have the opportunity to maximise fully, the country’s hydrocarbon resource.
He made this assertion when he represented Energy Minister Matthew Opoku Prempeh at the commissioning of the MV Flat Confidence Vessel at the Takoradi Commercial Port on Thursday morning, 18 November 2021.
The deputy minister, who also represents Sekondi in parliament, said following the discovery of oil in commercial quantities in Ghana, there have been several concerted efforts aimed at developing local capacity to service and participate in the industry and, thus, the commissioning of this vessel was a step further in Ghana’s local content drive.
“The socio-economic benefits of a robust local content policy in any economy cannot be underestimated”.
“Regrettably, however, these efforts have largely not yielded the desired results”.
“Indeed, the effectiveness of our local content policy has depended, to a very large extent, on the capacity of local individuals to take up opportunities that are available to them in the sector,” he noted
He further stressed that the government of Ghana, under the leadership of President Nana Addo Dankwa Akufo-Addo, has been advocating the participation of local companies in Ghana’s upstream oil and gas industry, as a way of creating economic opportunities in the oil and gas value chain.
“Government has initiated policies including the Annual Local Content Conferences to showcase opportunities within the sector and encourage Ghanaians to take same up; the proposed review of the Petroleum (Local Content and Local Participation) Regulations, 2013 L. I 2204 which is intended to introduce mechanisms such as ‘Channeling’ ‘Strategic Alliances’ among others with the view to accelerating Ghanaian participation in the sector."
The Amendment Regulation, according to Mr Mercer, has been duly laid in Parliament.
The MV Flat Confidence vessel is the first Ghanaian-owned, Ghanaian flagged marine vessel to support offshore activities in the Ghanaian oil and gas industry.
It was birthed from Tullow Ghana’s local content initiative dubbed “The Marine Sector Adoption Initiative”.
Source: Classfmonline.com
Trending News
Defence Minister donates food items to Ghana Armed Forces
02:59John-Peter Amewu arrested over botched $2 million SkyTrain deal
13:14A-G uncovers multi-million dollar properties acquired by former NSB Director-General with state funds
02:47Ningo-Prampram MP secures emergency water relief, GWCL MD to visit for long-term solution
01:20Gov't redirecting dedicated funds from Agenda 111 projects – Amin Adam claims
02:03Collins Adomako Mensah calls for urgent probe into missing 1,300 ECG containers
12:02Gender Minister and MASLOC CEO support Kumasi fire victims with GHS100k donation
20:55Eid-ul-Fitr: Mon. Mar. 31, Tues. Apr. 1 declared public holidays
00:12Adum traders apologise for 'disrespectful' rejection of Muntaka's relief items, appeal for their return
01:06GA/R: No beds syndrome hits Weija Gbawe Municipal Hospital
11:50