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The Petroleum Exploration And Production Bill, 2016

The Petroleum (Exploration and Production) Bill, 2016 has been read the second time in Parliament to replace the Petroleum (Exploration and Production) Bill, 2014 which was withdrawn by the Minister for Petroleum on Friday, 3rd June, 2016 for its consideration and passage.

After due consideration of the Petroleum (Exploration and Production) bill, 2014, the Committee on Mines and Energy proposed several amendments to strengthen the provisions in the Bill.

This promoted meetings between to the Ministry of Petroleum, the leadership of the house and the committee to withdraw the Bill to incorporate the amendments proposed to facilitate the passage of the bill.

The bill when passed into law will repeal the Petroleum (Exploration and Production) Act, 1984 (PNDCL 84). Bill will also boost the development of local content in the petroleum industry.

The bill makes provision for the transfer of knowledge and skills to Ghanaians and to create jobs for Ghanaians in the petroleum industry.

Presenting the Committees’ report for debates, the MP for Madina and Chairman of the Committee, Alhaji Bukari Amadu Sorogho, said, under the bill, an obligation is placed on all operators in the industry to employ Ghanaian citizens, with the requisite qualifications and expertise in the conduct of petroleum operations.

According to him, the Bill also enjoins them to procure Ghanaian goods and services so long as they are comparable to international standards. But the MP for Adansi-Asokwa and Ranking Member on the Committee, K.T. Hammod, stressed the fact that, contents of the current Bill is not new.

Source: radioxyzonline.com

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