This report documents the activities andfindings the legislative and regulatory advisor during hisvisits made between 19th October and 17th November 2009 tothe Ministry of energy of the Republic of Ghana. The purposeof the visits was to meet the officials of the Ministry ofenergy in Accra and obtain a first-hand brief of therequirements of the Ministry for their review of their draftlegislative and regulatory documents for the Ghana oil andgas industry. In June 2007, Ghana discovered commercialquantities of light crude oil with significant amount ofassociated natural gas in its offshore area. The discoveredoil and gas lies in the Jubilee Field, which straddles theoffshore Deepwater Tano and the Deepwater West Cape threePoints Block, and is located some 50 kilometres from theGhanaian coast in water depths of between 1020 to 1720metres. Associated gas is reported to have been tested at agas-to-oil ratio of 1,058 standard cubic feet per barrel ofoil. Oil production of 120,000 barrels per day wouldtherefore provide produced associated gas production ofabout 127 million standard cubic feet per day. To optimisethe benefit of having indigenous supplies of oil and gas,the Government of Ghana now has to effect an administrativeand management transition with respect to its petroleumindustry. It has to move from simply encouraging investmentin exploration to that of managing petroleum production, theenormous values arising from such, and the wise utilisationof the produced oil and gas to drive economic development.
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