Act 919 of 2016 and its Contribution to Governance of the Upstream Petroleum Industry in Ghana

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Abstract

In August 2016, the Ghanaian Parliament marked the advent of a new era for the country's nascent petroleum industry with the enactment into law of the Petroleum (Exploration and Production) Act (Act 919). Act 919 is considered to represent a major milestone in the legislative history of the upstream oil and gas industry in Ghana. The main objective of this article is to assess the new statute's fitness for purpose through a critical examination of its regulatory aspirations and its underlying legislative presumptions. The discussion is set against the historical background of petroleum exploration and production in Ghana.
Original languageEnglish
Pages (from-to)5-31
Number of pages27
JournalJournal of Energy & Natural Resources Law
Volume36
Issue number1
Early online date16 Jul 2017
DOIs
Publication statusPublished - 2018

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petroleum industry
Ghana
act
governance
gas industry
fitness
statute
parliament
examination
Law
history

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title = "Act 919 of 2016 and its Contribution to Governance of the Upstream Petroleum Industry in Ghana",
abstract = "In August 2016, the Ghanaian Parliament marked the advent of a new era for the country's nascent petroleum industry with the enactment into law of the Petroleum (Exploration and Production) Act (Act 919). Act 919 is considered to represent a major milestone in the legislative history of the upstream oil and gas industry in Ghana. The main objective of this article is to assess the new statute's fitness for purpose through a critical examination of its regulatory aspirations and its underlying legislative presumptions. The discussion is set against the historical background of petroleum exploration and production in Ghana.",
keywords = "Ghana, Act 919, Petroleum law, Contractual and fiscal regime, Petroleum exploration and production, Ghana Petroleum Funds, Resource curse thesis",
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AB - In August 2016, the Ghanaian Parliament marked the advent of a new era for the country's nascent petroleum industry with the enactment into law of the Petroleum (Exploration and Production) Act (Act 919). Act 919 is considered to represent a major milestone in the legislative history of the upstream oil and gas industry in Ghana. The main objective of this article is to assess the new statute's fitness for purpose through a critical examination of its regulatory aspirations and its underlying legislative presumptions. The discussion is set against the historical background of petroleum exploration and production in Ghana.

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KW - Act 919

KW - Petroleum law

KW - Contractual and fiscal regime

KW - Petroleum exploration and production

KW - Ghana Petroleum Funds

KW - Resource curse thesis

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