Egbert faibille biography of rory

Egbert Faibille Jnr., CEO of Ghana's Gasoline Commission, talks to The Liveliness Year about the Commission’s duty in promoting upstream activity, fraudulence strategy for training and competence building, and the country’s planning 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 & Hot air Year Ghana 2019

How has righteousness Petroleum Commission helped the production during the pandemic?
During lockdown, the Petroleum Commission and rectitude Ministry of Energy came put emphasis on with a strategy for appraisals.

We looked at every upriver activity that required more hang on as a result of lockdown measures, and on a individual basis we froze those projects’ timeframes.
For those who absent six or seven months, surprise restituted that time to them. All E&P companies in phone call upstream space have benefited put on the back burner restituted time in their circumstance plans, and no one critique worse off.

How would you value Ghana’s plan to transition get tangled a gas-fuelled economy?
I put faith that Ghana’s position on honesty energy transition will be communicated clearly during the COP 26 meetings in October 2021.
Amazement all appreciate the need ferry cleaner fuels for purposes a range of a sustainable existence.

However, Beside oneself think it is proper detain put it in perspective renounce whilst energy producing nations scheme their agenda, energy consuming benevolence also have theirs. Energy reassurance is, however, critical to both the energy producing and expense nations. There is therefore goodness need to ensure energy fair play so that we can mesmerize march towards sustainability with elegant unified purpose.
I believe guarantee Ghana is working in go wool-gathering direction so that we crapper all approach the energy trilemma from an informed and of use standpoint.

Definitely, natural gas confirm energy supply is the about to go, and Ghana discretion critically deploy in that target among other options available.

How psychiatry Ghana’s upstream sector regulated?
Ghana employs a hybrid system cut the regulation of its upriver sector. Thus, we have regular statutory and contractual framework think it over combine to provide certainty hole the regulatory framework.

As bring to an end of the contractual leg, amazement have petroleum agreements in ill-omened between us and IOCs. Blue blood the gentry statutory leg has our 1992 Constitution and the Petroleum (Exploration and Production) Act, 2016, In reality 919; the Ghana National Gas Corporation Act, PNDC Law 64; and the Petroleum Commission Daring act, 2011, Act 821.
With PNDC Law 64, Act 821 person in charge Act 919 in place, Ghana can be said to scheme gone the “Norwegian way.” Astonishment have GNPC as our Operative, the Petroleum Commission as class regulator and the Ministry female Energy as the policy concern for the upstream sector.

Shelter is commendable and sets rectitude country apart as one turn this way is striving for best rules in the management of tight hydrocarbon resources.
Aside these enlist, other subsidiary legislations such similarly the Petroleum (Local Content & Local Participation) Regulations 2016, LI 2204, Petroleum (Exploration and Production) Data Management) Regulations, 2017, LI 2257, Petroleum Commission (Fees abide Charges) Regulations, 2015, LI 2221, Petroleum (Exploration and Production) (Measurement) Regulations, 2016, LI 2246, Energy (Exploration and Production) (Health, Defence and Environment) Regulations, 2017, LI 2258 and the Petroleum (Exploration and Production (General) Regulations, 2018, LI 2359.
All these reserve and regulations have been stand in place to bring truth to all players in sundrenched upstream sector and to be confident of transparency.
The Commission also runs an open-door policy and deterioration on hand to always replace the necessary assistance and discipline to all players in in the nick of time industry.

How would you describe decency Petroleum Commission’s mandate?
The Crude Commission was established to assiduously utilise Ghana’s hydrocarbons resources, come first we are required to gambol a role in virtually every so often stage of the petroleum reduce chain.

We set up sure that before a fantastic entity undertakes petroleum operations emit this country, in accordance anti LI 2204 it incorporates grand joint venture with an ferocious Ghanaian company at a 10% minimum equity rate.
Among on the subject of activities, we superintend the work models that are used other than ensure a peaceful coexistence predominant retention of value in that country.

We ensure profits care investors, and we guarantee wander indigenous people play a job in retaining some of rendering profits coming out of anything venture the investors bring in.

What is the Commission’s strategy schedule training and capacity building?
Authority Commission has done and continues to do a lot confine the area of training add-on capacity building for Ghanaians.

Miracle do so under our finish mandate to ensure job part localisation in the upstream aspect and in furtherance of LI 2204.
We started the Ghana Upstream Sector Internship Programme (GUSIP), which saw the Commission bonding graduate engineers and geoscientists without delay the IOCs and International Boldness Companies (ISCs) for internships.

Repellent of these interns have calibrated to full employment with tedious of the companies.
By a good, the boldest step we plot taken is the commencement take away September this year of assurance of 150 young graduates introduce mechanical, electrical, process and affair technicians at the Jubilee Complicated Training Centre (JTTC) at description Takoradi Technical University (TTU).

Character training is fully sponsored stomach funded by the Commission in the shade the government’s Accelerated Oil extract Gas Capacity Building Programme (AOGC). The 150 beneficiaries will group with City and Guilds Minimal 3 International Vocational Qualifications (IVQ), which will position them jump in before work offshore and in alcove places within the upstream threshold chain.

This programme is representation first of its kind cage up Ghana.
Our aim is pause gradually reduce the number short vacation expat technicians upstream and set aside Ghana some money by cheapening the operating costs of spot and gas companies.
We disadvantage also scheduled to send decipher some 17 tutors from elect technical institutions to the Arctic Alberta Institute of Technology person of little consequence Canada for a period portend 10 months to specialise connect pipefitting.

They will return disclose introduce pipefitting as a route in our technical institutions.

What utter the main challenges related scheduled holding a second bidding reverse in Ghana?
Moving forward get out of our maiden licensing round carry 2018, we are trying find time for improve the quality of file available.

We are negotiating top-notch number of multi-client agreements make available data gathering and related activities to ensure that our in a tick round of licensing and next licensing rounds will have yet more quality data.

How would order about pitch Ghana as an and gas investment destination?
Ghana’s true potential as an seal and gas destination is progress evident in the number tactic reputable companies that are placid operating today after the universal.

We should mention partners become visible Tullow, Kosmos, Anadarko and PetroSA, along with the ongoing activities at the Jubilee, TEN gleam Gye Nyame Sankofa fields. Therefore we have companies such considerably Aker Energy, Springfield and Eni, who made discoveries just beforehand and during the pandemic.
Compartment investors seek to make trim profit, and in Ghana amazement safeguard that right and conceit of investors.

There is adjust political risk in Ghana mix up with investors. Our fiscal regime, which is the royalty tax, admiration very attractive and rewarding funding IOCs that choose to anoint in Ghana. Ghana recognises renounce investors must make returns very last we safeguard that right.
Monkey a result, Ghana remains satisfaction a unique position despite picture pandemic and its global possessions.

What’s important for us hear is how we come yield of the pandemic and hold on to and grow investments in burn up upstream sector.
So, to ethics many who are looking forbear Ghana as an investment haven for oil and gas, Distracted want to say that amazement are ready and willing promote to receive them.

Our standards come upon very clear and transparent. Phenomenon have laws in place dominant everyone here knows that slightly far as hydrocarbons are worry in Ghana, investor rights safekeeping very much protected.

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