 | |
| 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]
The Ghana National Petroleum Corporation (GNPC) participated in the African Energy Week (AEW) 2024 [11] [12]
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. Headquartered in Delhi, ONGC is under the ownership of the Government of India and administration of Ministry of Petroleum and Natural Gas. It was founded on 14 August 1956 by the Government of India. In November 2010, the Government of India conferred the Maharatna status to ONGC.
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Canada's early petroleum discoveries took place near population centres or along lines of penetration into the frontier.
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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).
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The Jubilee Oil Field is an oil field located off the coast of Ghana's Western Region in the South Atlantic Ocean under the ownership of the Kosmos Energy, Occidental Petroleum and the Tullow Oil.
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Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western Sahara. It discovered the Jubilee oil field off the coast of Ghana and the cross-border Tortue gas field offshore Mauritania and Senegal. Kosmos was the focus of a documentary Big Men that followed the company as it worked to establish the Jubilee oil field in Ghana.
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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
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 | Ministry of Energy | |
| Oil fields and vessels | ||
| Gas plants | ||
| Related | ||
| Ministries and agencies in Ghana | |
|---|---|
| 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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| International | |
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| National | |
