 | |
| Industry | Oil and gas industry |
|---|---|
| Founded | 1983 |
| Headquarters | , Ghana |
Key people | Alex Mould (2013-2016), K.K Sarpong(2017-2022), O.A Danquah [1] (2022-present) |
| Owner | Government of Ghana |
| Website | www |
The Ghana National Petroleum Corporation (GNPC) is a state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana. [2]
GNPC is Ghana's National Oil Company (NOC) which was established in 1983 to replace the Petroleum Department which was an agency under the Ministry of Fuel and power. [3] [4] [5] [6] The department was responsible for the importation of crude oil and petroleum products for the Ghanaian economy. [2] The mandate for oil exploration was held to be the Technical Directorate of the Ministry of Fuel and Power and the Geological Survey Department. The corporation was created to promote the Government of Ghana's objective of supplying adequate and reliable petroleum for the country and the discovery of crude oil in the country's territories. And also to help in reducing the country's dependence on crude oil imports, through the development of the country's own petroleum resources.
Board Chairman
Ag. Chief Executive
Board Member
Board Member
Board Member
Board Member
Board Member[ citation needed ]
Ag. Chief Executive Officer
DCE, Commerce, Strategy and Business Development
DCE, Finance and Administration
GM, Engineering
GM, Finance & Accounting
GM, Projects
Alex Prempeh Kwarteng GM, Projects
GM, Legal & Compliance
GM, Commerce
Executive Director, GNPC Foundation.[ citation needed ]
The corporation was established as a state-owned company with the statutory backing of PNDC Laws 64 and 84. The laws mandated the corporation to engage in exploration, production and disposal of petroleum products. The laws also established the legal structure that informed the corporation in contractual agreements between the Government of Ghana and private oil exploration companies. In 1987, the Petroleum Income Tax Law were added to the corporation's mandate to permit it to tax various petroleum products for consumption. The law was the PNDC Law 188.
Promoting petroleum exploration efforts is one of the corporation's duties. The institution also appraises existing petroleum discoveries, and to ensure that Ghana benefits the most from the development of the country's petroleum resources. The corporation promotes the training of Ghanaians in petroleum-related activities and ensures environmental protection in all petroleum-related activities. [7]
The corporation announced in 2007 that the Petroleum Agreement signed in 2004 had yielded in the discovery of oil in commercial quantities. [8] Production of crude oil begun in December 2010. The country's oil fields are known as Jubilee fields and is situated at Cape Three Points in the Western region of the country. The corporation has controlling stake in all the oil wells that produce crude oil. In April 2011, GNPC confirmed that it had an initial 10% interest in a new oil discovery at the Paradise prospect offshore Ghana. The discovery was announced in April 2011 by Hess Corporation, a New York based oil company. [9] In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government royalties of 37,557 metric tonnes and accumulated GNPC's 13.75 per cent participating interest entitlement of 98,119 metric tonnes. [10]
Oil India Limited (OIL) is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The central public sector undertaking is a Maharatna, with the Ministry of Petroleum and Natural Gas overseeing its operations. Headquartered in Duliajan, Assam, the company has its offices in Duliajan, Noida, Guwahati and Jodhpur.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
QatarEnergy, formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52bn, a net income of US42.4bn, and total assets of US$162bn. In 2021, QatarEnergy was the fifth largest gas company in the world.
Augustus "Goosie" Obuadum Tanoh is a Ghanaian politician and businessman. He was the leader of the National Reform Party, a breakaway group from the National Democratic Congress between 1999 and 2007 and represented this party in the 2000 presidential election, where he garnered 1.1% of the national vote. He returned to the National Democratic Congress with his colleagues from the National Reform Party at the behest and upon appeals made by President John Atta Mills in 2007/2008. Tanoh is originally a founding member of the National Democratic Congress.
Canada's early petroleum discoveries took place near population centres or along lines of penetration into the frontier.
The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports. Gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 20 large-scale mining companies producing gold, diamonds, bauxite and manganese; over 300 registered small scale mining groups; and 90 mine support service companies. Other mineral commodities produced in the country are natural gas, petroleum, salt, and silver.
The petroleum industry of Ghana is regulated by the state-owned Ghana National Petroleum Corporation (GNPC) and administered by the state-owned Ghana Oil Company (GOIL).
Ghana generates electric power from hydropower, fossil-fuel, and renewable energy sources such as wind and solar energy. Electricity generation is one of the key factors in order to achieve the development of the Ghanaian national economy, with aggressive and rapid industrialization; Ghana's national electric energy consumption was 265 kilowatt hours per each one in 2009.
The second-largest mineral industry in the world is the mineral industry of Africa, which implies large quantities of resources due to Africa being the second largest continent, with 30.37 million square kilometres of land.With a population of 1.4 billion living there, mineral exploration and production constitute significant parts of their economies for many African countries and remain keys to economic growth. Africa is richly endowed with mineral reserves and ranks first in quantity of world reserves for bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals (PGM), vermiculite, and zirconium.
The Jubilee Oil Field is an oil field located off the coast of the Ghana's Western Region in the South Atlantic Ocean under the ownership of the Kosmos Energy, Occidental Petroleum and the Tullow Oil.
The Ministry of Energy and Petroleum is the ministry in charge of extending and ensuring a continuous supply of energy and petroleum services to every division of the Ghanaian economy in an energy sufficient, environmentally friendly manner.
The Tema Oil Refinery (TOR) is one of two crude oil refineries in Ghana. In 1977, the Government of Ghana became the sole shareholder. The name of the refinery was changed to the Tema Oil Refinery in 1991. The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP).
Saltpond Oil Field is an oil field off the coast of Ghana. The field was discovered in 1970 by Signal-Amoco Consortium. The field is currently managed by the Saltpond Offshore Producing Company (SOPCL), Ghana's oldest producer of crude oil.
GOIL PLC formerly known as GOIL Company Limited (GOIL) and Ghana Oil Company and also known as GOIL, is a state-owned Ghanaian oil and gas marketing company, formed on 14 June 1960. Currently it holds the place of Ghana's top oil marketing company, and is the only indigenous owned petroleum marketing company in Ghana.
Indian Oil Corporation Limited is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi, it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.
The Tweneboa Enyenra Ntomme Oil Field is an oil field within Ghana's territorial waters and the country's second major oil field after the Jubilee Oil Field. It is popularly known as the TEN oil field, an acronym formed from the three drilling fields that it comprises. Coincidentally, the exploration for oil in the basin also started with ten pre-first oil wells.
Ogyeahohoo Yaw Gyebi is a Ghanaian traditional ruler and Paramount Chief of Sefwi Anhwiaso traditional area. He is currently the president of Western Region House of Chiefs. He became the president of the National House of Chiefs on November 12, 2020.
Nana Kwame Akuoko Sarpong, is a traditional ruler, a politician and a lawyer. He is the paramount chief or Omanhene of the Agogo Traditional Area of Ghana. He served as Secretary for Health, Secretary for Internal Affairs and Secretary for Chieftaincy Affairs in the PNDC government. He also served as a member of the council of state in the fourth Republic.
Ato Ahwoi is a Ghanaian politician, who served as board chairman of the Ghana National Petroleum Corporation from 2009 to 2013 in the National Democratic Congress (NDC) government, during the reign of John Atta Mills and as Minister of Energy from 1987 to 1993 during the reign of Jerry Rawlings within the PNDC era.
GNPC was established in 1983 under the Ghana National Petroleum Corporation (GNPC) Law 1983, PNDC Law 64 and started operations in 1985.
Prior to the establishment of GNPC in 1983
{{cite journal}}: Cite journal requires |journal= (help) Petroleum industry in Ghana | ||
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 | Ministry of Energy | |
| Oil fields and vessels | ||
| Gas plants | ||
| Related | ||
| Ministries and Agencies in Ghana | |
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| Ministry of Interior | |
| Ministry of Education | |
| Ministry of Youth and Sports | |
| Ministry of Finance and Economic Planning | |
| Ministry of Trade and Industry | |
| Ministry of Health | |
| Ministry of Communication and Technology | |
| Ministry of Defence | |
| Ministry of Transport | |
| Ministry of Energy | |
| Ministry of Food and Agriculture | |
| Ministry of Environment, Science, Technology and Innovation |
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