The Ghana Upstream Petroleum Chamber has held its first annual oil and gas conference under the theme “transitioning to a low carbon economy”. The conference brings together explorers, oil and gas producers, and indigenous suppliers and manufacturers in the industry as well representatives from the Ministry of Energy, Ministry of trade and Industry, Ministry of Public Enterprises and the Petroleum Commission. Also in attendance were member companies of the Chamber and other stakeholders.
Speaking at the event, Chamber Chair and Snr Vice President of Kosmos Energy, Joe Mensah said this event is coming at an important time. As we seek to harness the country’s hydrocarbon resources at a time of global energy insecurity, it is worth pointing out that with the right investment climate, Ghana can contribute to providing global energy security”.
Commenting the CEO of the Chamber, Mr David Ampofo said “if industry and government could deepen their collaboration, Ghana would be well on its way to sustainable development, spurred on by increased proceeds from our crude oil and the harnessing of domestic gas for the energy needed to transform our economy into a developed one”. He added that “there was still of role for oil and gas in the context of the energy transition.”
The energy transition position paper makes three main recommendations to government.
Incentivize exploration and development to increase production. Enhance, gas infrastructure and optimize domestic gas utilization. Seize opportunities in the emerging decarbonization solutions.
The conference takes place at a critical time when climate issues has taken center stage worldwide. By bringing together stakeholders, the Chamber seeks to support government in the development of a common vision for oil and gas industry.
The Upstream Chamber represents the shared interests of companies involved in oil and gas exploration and production as well as oil field services in the country. The Chamber promotes, enhances and the growth of the industry through networking, education, industry information and advocacy for a favourable business environment.As the voice of the industry, the Chamber provides advocacy services to its members and helps them navigate the regulatory framework.
The Chamber also offers a platform through which the industry can be reached by stakeholders from across the economy, including local communities.