Petroleum Resource Management in Africa

ISBN-13: 9783030830533 / Angielski / Miękka / 2023

Opis

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.

Spis treści

1. Introduction: Ghana’s Petroleum Industry in Transition.- 2. Examining Ghana’s New Exploration and Production Act and Other Legislative Developments.- 3. The Ghana-Cote-d’Ivoire Maritime Border Dispute and Transboundary Resource Management in the Gulf of Guinea.- 4. Upstream Petroleum Fiscal Regimes: Is Ghana’s Tax Regime Fit for Purpose?.- 5. The Petroleum Commission and Management of Ghana’s Petroleum Resources.- 6. The Ghana National Petroleum Corporation (GNPC) and its Contribution as a National Oil Company.- 7. Social Equity and Conflicts in the Six Coastal Communities of the Western Region of Ghana.- 8. Local Content and Local Participation in Ghana’s Oil and Gas Industry: Has Ghana Gotten It Right?.- 9. Fiscal Policy and Petroleum Revenue Management: Is Ghana on the Path to Beating the Resource Curse?.- 10. Oil and Socio-Urban Economic Development in the Western Region.- 11. The State, Governance and the Upstream Oil and Gas Industry in Ghana.- 12. Public Interest Organisations, Transparency Initiatives and Petroleum Sector Oversight and Accountability.- 13. Utilising Ghana’s Gas Resources: Implications for Industrial Development and Inclusive Growth.- 14. The Energy Transition and Africa’s Oil and Gas Resources: Opportunities and Challenges.- 15. Petroleum Resource Management Lessons from New African and Other Petroleum-Producing Countries.- 16. Conclusion: The Future of Africa’s Petroleum Industry.

O autorze

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.

Blurb

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.