Petroleum Commission hosts 3rd African Petroleum Data Management workshop

Participants from OfD countries at the forum

Participants from five other African countries – Uganda, Kenya, Mozambique, Somalia and Sudan – have converged in Accra, Ghana, for the 3rd African Petroleum Data Management Workshop under the auspices of the Ghana Petroleum Commission with support from the Norwegian Petroleum Directorate.

The workshop, which is facilitated by the Norwegian Petroleum Directorate (NPD) through the Oil for Development (OfD) Programme, is being organised to broaden the insight of participants as they share experiences and developments in their respective countries, highlighting approaches to resolutions aimed at promoting trust and investor confidence as well as serving as a strong foundation for proper regulation of the petroleum resource.

Speaking at the workshop’s opening, Chief Executive of the Petroleum Commission Egbert Faibille said: “As Ghana’s upstream regulator, the Petroleum Commission is keen on participating in the APDM workshops because we are aware of the manifold advantages such collaborative relations and knowledge-sharing with other OfD partner countries provide for us.

CEO of the Petroleum Commission, Egbert Faibille, delivering the welcome address

“We are conscious of the commonality of our challenges and know that we can find strength in charting a better path when we pull together our collective knowledge and experiences,” he added.

Gunner Soiland from the NPD explained that a good data management system will help regulatory bodies estimate resources in terms of reserves, predict product volumes, and be able to do a proper audit of costs involved in exploration and production. It also helps other institutions such as revenue authorities and sector ministries to apply the right taxation and design licencing rounds effectively.

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He said without effective data management, resource governance cannot be performed adequately.

Ghana’s deputy minister for energy in charge of petroleum, in his opening remarks, highlighted the importance of data management to the petroleum sector.

“Ghana has drilled over 200 wells, with some pre-dating our independence in 1957. There are over 100 seismic surveys, both 2D and 3D, shot over Ghana’s territorial waters; and three producing fields, namely Jubilee, Gye Nyame-Sankofa and the TEN Fields. Data from these petroleum activities represent a vast wealth of sovereign assets that need to be protected, preserved, promoted and harnessed for advancement of the oil and gas industry, and the economic development of Ghana,” he said.

Over the course of the next three days, data management experts in the petroleum sector of their respective countries will hold deliberations centred on issues of compliance and standards, data reporting procedures, resource classification and ways to improve cooperation between member-countries.

They will exchange ideas and experiences gained from their respective petroleum sectors, and propose effective data management systems going forward.

The workshop started on Tuesday, June 19 and is expected to end on Thursday June 21, 2018.

Kennedy Aryeetey Tetteh | thebftonline.com | Ghana

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