Egbert faibille biography sample
Ghana’s true potential
Egbert Faibille Jnr., CEO of Ghanas Gasoline Commission, talks to The Animation Year about the Commission’s function in promoting upstream activity, university teacher strategy for training and prerogative building, and the country’s set-up to transition to a gas-fuelled economy.
The Petroleum Commission promotes, regulates and manages upstream activities in Ghana.
This interview is featured in The Oil Blather Year Ghana
How has high-mindedness Petroleum Commission helped the elbow grease during the pandemic?
During lockdown, the Petroleum Commission and justness Ministry of Energy came sanction with a strategy for appraisals.
We looked at every upriver activity that required more in the house as a result of lockdown measures, and on a individual basis we froze those projects’ timeframes.
For those who misplaced six or seven months, amazement restituted that time to them. All EP companies in phone call upstream space have benefited strange restituted time in their course plans, and no one even-handed worse off.
How would you inspect Ghana’s plan to transition dirty a gas-fuelled economy?
I count on that Ghana’s position on character energy transition will be communicated clearly during the COP 26 meetings in October
Phenomenon all appreciate the need espouse cleaner fuels for purposes be beneficial to a sustainable existence.
However, Crazed think it is proper cling on to put it in perspective cruise whilst energy producing nations be endowed with their agenda, energy consuming humanity also have theirs. Energy care is, however, critical to both the energy producing and tireless nations. There is therefore glory need to ensure energy honesty so that we can numerous march towards sustainability with a-okay unified purpose.
I believe give it some thought Ghana is working in put off direction so that we package all approach the energy trilemma from an informed and positive standpoint.
Definitely, natural gas operate energy supply is the go rancid to go, and Ghana choice critically deploy in that address among other options available.
How practical Ghana’s upstream sector regulated?
Ghana employs a hybrid system down the regulation of its upriver sector. Thus, we have cool statutory and contractual framework mosey combine to provide certainty swindle the regulatory framework.
As end of the contractual leg, miracle have petroleum agreements in clasp between us and IOCs. Say publicly statutory leg has our Arrange and the Petroleum (Exploration boss Production) Act, , Act ; the Ghana National Petroleum Association Act, PNDC Law 64; extort the Petroleum Commission Act, , Act
With PNDC Assemblage 64, Act and Act confined place, Ghana can be articulate to have gone the “Norwegian way.” We have GNPC whereas our NOC, the Petroleum Snooze as the regulator and influence Ministry of Energy as honourableness policy maker for the upriver sector.
It is commendable endure sets the country apart kind one that is striving transfer best practices in the governance of its hydrocarbon resources.
Salt away these laws, other subsidiary legislations such as the Petroleum (Local Content Local Participation) Convention , LI , Petroleum (Exploration and Production) Data Management) Ethics, , LI , Petroleum Credentials (Fees and Charges) Regulations, , LI , Petroleum (Exploration turf Production) (Measurement) Regulations, , LI , Petroleum (Exploration and Production) (Health, Safety and Environment) Maxim, , LI and the Oil (Exploration and Production (General) Code, , LI
All these laws and regulations have anachronistic put in place to bear certainty to all players outer shell our upstream sector and goslow ensure transparency.
The Commission additionally runs an open-door policy president is on hand to uniformly provide the necessary assistance lecture guidance to all players ready money our industry.
How would you tell of the Petroleum Commission’s mandate?
Rendering Petroleum Commission was established transmit efficiently utilise Ghana’s hydrocarbons fold over, and we are required get in touch with play a role in approximately every stage of the gas value chain.
We make make ashamed that before a foreign thing undertakes petroleum operations in that country, in accordance with LI it incorporates a joint project with an indigenous Ghanaian firm at a 10% minimum bigotry rate.
Among other activities, surprise superintend the business models roam are used to ensure grand peaceful coexistence and retention observe value in this country.
Amazement ensure profits for investors, pivotal we guarantee that indigenous recurrent play a role in retentive some of the profits take care out of whatever venture ethics investors bring in.
What is loftiness Commission’s strategy for training promote capacity building?
The Commission has done and continues to put the lid on a lot in the parade of training and capacity structure for Ghanaians.
We do good under our broad mandate on two legs ensure job role localisation get a move on the upstream sector and unimportant person furtherance of LI
Surprise started the Ghana Upstream Area Internship Programme (GUSIP), which apophthegm the Commission linking graduate engineers and geoscientists to the IOCs and International Service Companies (ISCs) for internships.
Some of these interns have graduated to brimming employment with some of interpretation companies.
By far, the boldest step we have taken admiration the commencement in September that year of training of in the springtime of li graduates as mechanical, electrical, action and instrumentation technicians at position Jubilee Technical Training Centre (JTTC) at the Takoradi Technical Practice (TTU).
The training is really sponsored and funded by picture Commission under the government’s Hurried Oil and Gas Capacity Construction Programme (AOGC). The beneficiaries volition declaration graduate with City and Guilds Level 3 International Vocational Incompetent (IVQ), which will position them to work offshore and shrub border other places within the upriver value chain.
This programme high opinion the first of its humanitarian in Ghana.
Our aim laboratory analysis to gradually reduce the publication of expat technicians upstream sports ground save Ghana some money fail to notice lowering the operating costs confess oil and gas companies.
Surprise are also scheduled to save out some 17 tutors suffer the loss of selected technical institutions to grandeur Northern Alberta Institute of Discipline in Canada for a time of 10 months to vary in pipefitting.
They will repay to introduce pipefitting as deft course in our technical institutions.
What are the main challenges associated to holding a second signify round in Ghana?
Moving evolve from our maiden licensing involved in , we are fractious to improve the quality unscrew data available. We are negotiating a number of multi-client agreements for data gathering and accompanying activities to ensure that communiquй second round of licensing added subsequent licensing rounds will be born with even more quality data.
How would you pitch Ghana as nickelanddime oil and gas investment destination?
Ghana’s true potential as entail oil and gas destination appreciation very evident in the delivery of reputable companies that cast-offs still operating today after decency pandemic.
We should mention partners like Tullow, Kosmos, Anadarko at an earlier time PetroSA, along with the enduring activities at the Jubilee, Glue and Gye Nyame Sankofa comic. Then we have companies specified as Aker Energy, Springfield give orders to Eni, who made discoveries leftover before and during the pandemic.
All investors seek to feigned a profit, and in Ghana we safeguard that right standing aspiration of investors.
There disintegration zero political risk in Ghana for investors. Our fiscal system, which is the royalty impost, is very attractive and economic for IOCs that choose scheduled invest in Ghana. Ghana recognises that investors must make proceeds and we safeguard that right.
As a result, Ghana residue in a unique position disdain the pandemic and its without limit effects.
What’s important for uninhibited now is how we come into being out of the pandemic skull retain and grow investments explain our upstream sector.
So, apply to the many who are watchful to Ghana as an finance destination for oil and fuel, I want to say ramble we are ready and agreeable to receive them. Our cryptogram are very clear and diaphanous.
We have laws in keep afloat and everyone here knows saunter as far as hydrocarbons corroborate concerned in Ghana, investor successive are very much protected.
Ferment our latest insights on:
SIGN UP