Academic literature on the topic 'Upstream petroleum sector'
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Journal articles on the topic "Upstream petroleum sector"
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Livingston, Peter, and Rhys Hunt. "Reducing regulatory burden on the upstream petroleum sector." APPEA Journal 50, no. 2 (2010): 687. http://dx.doi.org/10.1071/aj09051.
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On 30 April 2009, the Productivity Commission released its Review of Regulatory Burden on the Upstream Petroleum Sector. The report identified significant unnecessary costs from delays and uncertainties in obtaining approvals, duplication of compliance requirements and inconsistent administration of regulatory processes. The commission found that these burdens could be reduced through new institutional arrangements—principally the establishment of a national offshore regulator—as well as implementation of best practice regulatory principles in all jurisdictions. On 5 August 2009, the Commonwealth Minister for Resources and Energy, the Hon Martin Ferguson AM MP, announced the Australian Government’s intention to establish a national offshore petroleum regulator in Commonwealth offshore areas, from 1 January 2012. The Council of Australian Governments is scheduled to consider an all-of-governments’ response to the commission’s recommendations in early 2010. The paper will discuss the policy rationale for reform, the proposed reforms and how they will be implemented.
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Olujobi, Olusola Joshua, and Oluwatosin Michael Olujobi. "Theories of Corruption “Public Choice-Extractive Theory” as Alternative for Combating Corruption." International Journal of Environmental Sustainability and Green Technologies 11, no. 2 (2020): 68–83. http://dx.doi.org/10.4018/ijesgt.2020070105.
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Corruption is a recurrent decimal in Nigeria's upstream petroleum sector due to weak enforcement of anti-corruption and transparency laws. This sector is considered corrupt due to the rampant mismanagement of petroleum resources. The article analyses rent-seeking, public choice and extractive theories of corruption among others due to their impacts in combating corruption. It also queries other anti-corruption models that are relevant to this study to promote transparency and to strengthen national anti-corruption laws for combating corruption in the Nigeria's upstream petroleum sector. The study is a doctrinal legal research that adopts a point-by-point comparative approach with library research method. The study proposed a hybrid theory of corruption titled “Public Choice-Extractive Theory of Corruption” as an alternative perspective that will effectively combat corruption in the sector. In conclusion, the study finds that corruption strives on the weak enforcement of anti-corruption laws and lack of political will in providing effective regulatory intervention. The study recommends among other reforms, soft law approach and strict enforcement of anti-corruption laws for transparency in the upstream petroleum sector in Nigeria.
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Beggs, J. M. "Research for the Upstream Petroleum Sector: The Crown Research Institute Concept." Energy Exploration & Exploitation 13, no. 2-3 (1995): 245–52. http://dx.doi.org/10.1177/0144598795013002-313.
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New Zealand's scientific institutions have been restructured so as to be more responsive to the needs of the economy. Exploration for and development of oil and gas resources depend heavily on the geological sciences. In New Zealand, these activities are favoured by a comprehensive, open-file database of the results of previous work, and by a historically publicly funded, in-depth knowledge base of the extensive sedimentary basins. This expertise is now only partially funded by government research contracts, and increasingly undertakes contract work in a range of scientific services to the upstream petroleum sector, both in New Zealand and overseas. By aligning government-funded research programmes with the industry's knowledge needs, there is maximum advantage in improving the understanding of the occurrence of oil and gas resources. A Crown Research Institute can serve as an interface between advances in fundamental geological sciences, and the practical needs of the industry. Current publicly funded programmes of the Institute of Geological and Nuclear Sciences include a series of regional basin studies, nearing completion; and multi-disciplinary team studies related to the various elements of the petroleum systems of New Zealand: source rocks and their maturation, migration and entrapment as a function of basin structure and tectonics, and the distribution and configuration of reservoir systems.
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Ferreira, Doneivan, Saul Suslick, Joshua Farley, Robert Costanza, and Sergey Krivov. "A decision model for financial assurance instruments in the upstream petroleum sector." Energy Policy 32, no. 10 (2004): 1173–84. http://dx.doi.org/10.1016/s0301-4215(03)00080-6.
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Alexander, Elinor. "Australian onshore petroleum acreage and releases 2018." APPEA Journal 58, no. 2 (2018): 426. http://dx.doi.org/10.1071/aj17057.
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This paper is a compilation of information provided by state and territory jurisdictions about onshore acreage and its availability for petroleum exploration in 2018. Australian state and territory governments continue to research and promote petroleum prospectivity to stimulate local and international investment in petroleum exploration by generating new exploration concepts and opportunities, facilitating discoveries and fostering new ideas to assist the nation’s upstream petroleum sector to keep on delivering the maximum net benefits to all Australians. Present and future policy directions that relate to onshore petroleum exploration are described, particularly for jurisdictions that are not making petroleum acreage available this year.
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Redutskiy, Yury. "Modelling and Design of Safety Instrumented Systems for Upstream Processes of Petroleum Sector." Procedia Engineering 182 (2017): 611–18. http://dx.doi.org/10.1016/j.proeng.2017.03.165.
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Agoro, Bode. "Impediments to Expansion: Why is the Upstream Sector of Nigeria's Petroleum Industry Not Growing?" Journal of Energy & Natural Resources Law 19, no. 1 (2001): 16–30. http://dx.doi.org/10.1080/02646811.2001.11433213.
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Lim, C. L. "The Function of the Transnational Chinese Contract." Journal of World Investment & Trade 20, no. 2-3 (2019): 313–34. http://dx.doi.org/10.1163/22119000-12340133.
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Abstract This article focusses on Chinese contractual practice in the energy sector and related sectors – principally in China’s inbound and outbound investments in the petroleum sector as well as in other energy-related financing and infrastructure construction contracts. Its concern is with the drafting of Belt and Road contracts, especially where this may lead to contract ‘internationalisation’. The article also discusses the interplay between Chinese contracts and treaties. It asks if there is Chinese receptiveness to international principles in seeking to protect the rights of Chinese as well as foreign parties. A preliminary finding is that there is an asymmetry between what Chinese upstream oil contracts do in protecting foreign ownership interests, even to the point of evincing Chinese acceptance of the ‘internationalisation’ of contracts, and the intergovernmental work done through negotiated treaty terms to protect Chinese investments abroad.
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Zhang, Jin, Xiuling Yin, Zuxin Li, Dufen Sun, and Shenaoyi Liu. "Reform and amendment of Russian petroleum fiscal term: trends and implication to asset acquisition." Oil & Gas Science and Technology – Revue d’IFP Energies nouvelles 75 (2020): 43. http://dx.doi.org/10.2516/ogst/2020042.
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This article analyzes reform and amendment of petroleum tax policy in Russia to investigate instability of tax regime which is one of the main concerns for decision making in asset acquisition. Historical and recent amendments of upstream fiscal terms in Russia are reviewed and studied in an attempt to understand the trends of reform. Tax burden of four different cases is modeled with the change of tax policy to analyze the effect of tax incentives. The recent “tax maneuver” of transferring export duty to Mineral Extraction Tax (MET) is studied in detail to analyze effects to upstream, refinery, and customers. Net present values of three field cases under previous tax regime and new Added Income Tax (AIT) regime are comparatively studied with cashflow modeling. The article concludes that recent “tax maneuver” has indirect influence on upstream sector but may lead to upward pressure on retail. New AIT regime introduces a universal taxation system and requires less government intervention, which may reduce aboveground risk of unstable fiscal regime and boost international investment in Russia. Also, key suggestions are summarized for international investors who are interested in oil and gas asset in Russia.
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Olujobi, Olusola Joshua. "Analysis of the Legal Framework Governing Gas Flaring in Nigeria’s Upstream Petroleum Sector and the Need for Overhauling." Social Sciences 9, no. 8 (2020): 132. http://dx.doi.org/10.3390/socsci9080132.
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Nigeria is rated the number one producer of crude oil in Africa. Still, oil exploration activities have resulted in a high rate of gas flaring due to weak enforcement of the anti-gas flaring laws by the regulatory authorities. Associated natural gas is generated from oil production, and it is burnt in large volumes, thereby leading to the emission of greenhouse gases and waste of natural resources which could have generated billions of dollars for the Federal Government of Nigeria. There are concerns that if nothing is done to curtail this menace, humans and the environment will be imperiled due to its negative consequences. There is therefore a need to decrease gas flaring by replicating the strategies applied in the selected case study countries to combat the menace. It is relevant to carry out this analysis to reduce greenhouse gas emissions in the oil industry for the sustainability of the energy sector and to generate more revenues for the government. This study provides guidelines for legislatures on suitable approaches to adopt for formulating an anti-flaring legal framework. The study is a comparative analysis of national legal regimes on gas flaring in Nigeria, Canada, the United Kingdom, Saudi Arabia, and Norway. The study adopts a doctrinal legal research method, a point-by-point comparative approach with a library-based legal research method. The study finds that weak enforcement of laws is a critical factor responsible for the menace. It recommends the use of more advanced technologies, a sophisticated mixture of regulations and non-regulatory incentives such as fiscal policies and gas market restructuring, and proffers further suggestions based on the lessons learnt from the selected case study countries.
Dissertations / Theses on the topic "Upstream petroleum sector"
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Tebepah, Ebinimi. "Technological innovation in the upstream sector of the petroleum industry." Thesis, University of Manchester, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.488060.
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Benin, Papa. "Human Resource Local Content in Ghana's Upstream Petroleum Industry." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/3385.
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Enactment of Ghana's Petroleum (Local Content and Local Participation) Regulations, 2013 (L.I. 2204) was intended to regulate the percentage of local products, personnel, financing, and goods and services rendered within Ghana's upstream petroleum industry value chain. Five years after the inception of Ghana's upstream oil and gas industry, a gap is evident between the requirements of L.I. 2204 and professional practice. Drawing on Lewin's change theory, a cross-sectional study was conducted to examine the extent of differences between the prevailing human resource local content and the requirements of L.I. 2204 in Ghana's upstream petroleum industry. The extent to which training acquired by indigenous Ghanaians seeking jobs in Ghana's oil fields affects the prevalent local content in its upstream petroleum industry was also examined. Survey data were collected from 97 management, technical, and other staff in 2 multinational petroleum companies whose oil and gas development plans have been approved by the Petroleum Commission of Ghana. To answer the research questions and test their hypotheses, one-way ANOVA was performed with staff category (management, technical, and other) as the independent variable and prevalent local content as the dependent variable. Results indicated that prevailing local content in Ghana's upstream petroleum industry meets the requirements of L.I. 2204. Further, training acquired by indigenous Ghanaians seeking jobs in Ghana's oil fields affects the prevalent local content in its offshore petroleum industry. Findings may encourage leaders within multinational oil companies and the Petroleum Commission of Ghana to organize educational seminars that equip indigenous Ghanaians with specialized skills for working in Ghana's upstream petroleum industry.
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Adam, Ibraheem Salisu. "An empirical investigation of the efficiency, effectiveness and economy of the Nigerian National Petroleum Corporation's management of Nigeria's upstream petroleum sector." Thesis, Robert Gordon University, 2014. http://hdl.handle.net/10059/1021.
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This thesis empirically investigates how well the Nigerian National Petroleum Corporation (NNPC) ensures value for money (VfM) in its exploitation of Nigeria’s oil resources. This focus on VfM distinguishes the study from other researches carried out on the performance of national oil companies (NOCs) where the common approach in the literature has been to assess performance using the metrics applicable to private oil companies. The rationale for the new approach is that the NNPC is a quasi-public sector organisation and thus its performance should be measured in the same way as that of public sector bodies and state owned enterprises (SOEs). Informed opinions on NNPC’s management roles in Nigeria’s oil and gas upstream sector were sought from a range of relevant experts in twelve stakeholder groups involved in oil and gas upstream operations. Data were collected through the use of questionnaire and interview surveys, and further subjected to statistical analysis to determine and assess significant differences in views between respondent groups. The empirical results obtained from the questionnaires were used to draw a conclusion on the hypotheses formulated for the study. Furthermore, the findings of the interview survey were used to validate the conclusions drawn. The study revealed that the NNPC was perceived to be deficient in keeping its mandate of adding value to Nigeria’s hydrocarbon resources. In specific terms, the respondents were of the view that NNPC has not been able to ensure VfM in its operations because of defects in its organisational structure, administrative system, and accountability. External factors such as political interference, instability and an inappropriate legal framework against which NNPC operates have also been perceived to impede the corporation’s performance. The main conclusions were: firstly, it is argued that the use of conventional private sector metrics to evaluate the performance of NOCs makes it difficult to form an appropriate view on their performance. Secondly, NOCs with numerous conflicting roles as is the case with NNPC are unlikely to achieve satisfactory performance. Thirdly, the NNPC lacks the capability required to ensure multinational oil companies’ (MOC) conformity with operational provisions and best practice. Finally, the thesis concludes that establishing a standardised performance/benchmarking framework is an essential requirement to ensure value addition, VfM and accountability in Nigeria’s oil and gas operations.
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Ezeocha, Chisomaga Ihediohanma. "Consequences of the Niger Delta Amnesty Program Implementation on Nigeria's Upstream Petroleum Industry." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/3158.
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The Niger Delta militancy ravaged the Nigerian upstream petroleum sector between 2004-2009, bringing it to a standstill. In response, the Nigerian state adopted an amnesty policy―a globally recognized tool for conflict resolution and peacebuilding―to protect the sector and the economy from collapse. Little is known, however, about the unintended consequences of the amnesty implementation for the Nigerian upstream petroleum sector. Thus, the purpose of this study was to fill this gap in the research literature on the Niger Delta amnesty program. Polarity management was the conceptual framework applied; relative deprivation and polarities of democracy constituted the theoretical foundation for this qualitative case study. Face-to-face interviews and focus group discussions were conducted with 29 purposefully selected participants from the senior ranks of the petroleum industry, sector trade unions, relevant government agencies, and a regional university. Data were inductively coded as part of content analysis, the data analysis strategy. Participants viewed the amnesty policy as being poorly conceived and implemented due to the many unintended negative consequences arising from the policy implementation. The key finding from the study indicates that both the sector and the Niger Delta region are worse off post the amnesty policy implementation. The study concludes that by adopting and implementing the study recommendations, stakeholders may be able to mitigate the identified unintended consequences, position the Nigerian upstream petroleum sector for sustainable growth, address the root causes of the militancy, and deliver a positive social change for the residents of Niger Delta.
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Ado, Rabiu. "Accounting, accountability and governance in upstream petroleum contracts : the case of local content sustainability in the Nigerian oil and gas sector." Thesis, Robert Gordon University, 2016. http://hdl.handle.net/10059/1586.
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Local Content is an oil sector governance and sustainability policy that aims at check-mating the dominance of the foreign oil companies in host countries, and encouraging the participation of the local oil firms in the petroleum value-chain. It is a burgeoning concept applied in the upstream petroleum contracts in the developing petro states. This study was conducted to examine the local content accounting, accountability and governance of the Nigerian Content Development and Monitoring Board (NCDMB) and the five major International Oil Companies (IOCs) operating in Nigeria (Shell, Chevron, ExxonMobil, Total and Agip). The soft and hard accountability of the two principal actors were determined. The work drew on the Chatham House Guidelines for Good Governance in Emerging Oil and Gas Producers (2013) to derive its conceptual and analytical models. The study used the convergent parallel design and a combination of the three accounting paradigms to draw its conclusions. Thematic analysis, descriptive and inferential statistics including the post hoc Kruskal-Wallis and Mann-Whitney tests with Bonferroni Corrected Alpha, and the logistic regression tests were used. The study also applied the mechanistic content analysis methodology on fifty sustainability reports of the selected IOCs in line with the Global Reporting Initiative (GRI) and the International Petroleum Industry Environmental Conservation Association (IPIECA) sustainability reporting guidelines. Disclosure index and paired-samples t-test were used to determine the existence and trends in the IOCs’ local content disclosure practices before and after the enactment of the Nigeria’s local content law. The study found the local content policy to be an accountabilitybased sustainability driver in the Nigerian petroleum sector. Although the NCDMB’s performance was favourable to a large extent, the study found that corruption, fronting, and non-disclosure of the beneficial ownership of some oil firms remained the major challenges of local content in Nigeria. An expectation gap between the Board and the stakeholders on the financial accountability was established. The study found moderate and consistent local content disclosure indices of the periods before and after the Nigeria’s local content law, but higher volumetric disclosure in the period after the law, signifying likely impact of the local content law on the IOC’s voluntary disclosure. It was recommended that the Board should tighten up its regulatory responsibilities and avoid questionable practices. It was also suggested that the Nigerian local content rules should incorporate more incentives such as unringfencing and crossfencing of upstream costs to encourage more investment. The study also suggested that the accounting standard-setting bodies should issue dedicated accounting standards or expand the existing IFRS 8 and IAS 21 to comprehensively address the preparation and presentation of local content information in the annual financial statements.
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Ariankia, Reza. "La technique de la joint-venture au sein de l'industrie pétro-gazière internationale : contribution à l'étude juridique sur les architectures contractuelles pratiquées par les principaux acteurs pétro-gaziers en amont." Thesis, Paris 1, 2016. http://www.theses.fr/2016PA01D004.
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La joint-venture est une technique juridique étroitement liée au secteur amont de l’industrie pétro-gazière internationale. Pratiquement, elle correspond dans ce domaine à des architectures contractuelles très diversifiées basées sur des ingénieries juridiques différentes. Depuis sa création dans l’industrie pétro-gazière américaine, la technique de la joint-venture, par sa grande adaptabilité congénitale, a généré différentes versions servant les relations juridiques entre les acteurs internationaux dans ce domaine. La structure juridique de chacune de ses variantes a une particularité qui lui est propre. Elle est formée selon les stratégies, les objectifs, les besoins, les expériences, les limites techniques et les moyens financiers et managériaux des participants. Dans ce contexte, l’étude sur le rôle de cette technique dans les relations juridiques entre deux principaux acteurs pétro-gaziers dans la seconde moitié du 20ème siècle est très importante. En effet, dès son entrée dans les relations juridiques entre les pays producteurs de pétrole et de gaz naturel et les sociétés pétro-gazières internationales, la technique de « joint-venture participation » est progressivement devenue la stratégie principale du secteur amont de l’industrie pétro-gazière des pays producteurs. En d'autres termes, quel que soit la structure contractuelle principale de l’État-hôte au secteur amont du pétrole et du gaz, lorsque lui, ou l’un de ses membres, participe conjointement,avec une société pétro-gazière internationale, à des projets d’exploration et de développement, le recours à la technique juridique de la joint-venture est indispensable.L’impact de telle participation sur la joint-venture est considérable. La présence d’un participant doté de prérogatives de la puissance publique au sein d’une joint-venture pétrogazière affecte l’équilibre paritaire entre les participants, et en conséquence influence sa structure juridique, son processus de formation et son fonctionnement<br>The joint venture is a legal technic closely related to the international upstream oil and gasindustry. Practically, it corresponds to very diversified contractual architectures based ondifferent legal engineering. Since its creation in the USA oil and gas industry, the technic ofjoint venture with its great congenital adaptability has generated various versions assistingthe legal relationship of international players in this field. Legal structure of each of itsvariants has its particularities formed according to the strategies, objectives, needs,experiences, means and technical, financial and managerial limits surrounded participants. Inthis context, the study of the role of this technic in the contractual framework between twooil and gas main players in the second half of the 20th century is very important. Indeed, uponit enters in the legal relationship between oil and gas producers countries and international oiland gas companies, the technic of "participating joint venture" has gradually become a keystrategy of producers countries in their upstream oil and gas sector. In other words,regardless of the principal contractual structure of the host-state in upstream oil and gassector, where it or its dismemberment participates with an international oil and gas companyin exploration and development projects, the use of legal technic of the joint venture isindispensable. The impact of such participation on the joint venture is considerable. Thepresence of a participant with public powers within a petroleum joint venture affect the paritybalance among participants and therefore influence its legal structure, and the process of itsformation and its functioning
Books on the topic "Upstream petroleum sector"
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Hunter, Tina. Regulation of the upstream petroleum sector: A comparative study of licensing and concession systems. Edward Elgar Publishing, 2015.
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Luis, Ayala Torres, ed. Alianzas estratégicas en la industria petrolera: Estudio de caso en el upstream. Fundación Eugenio Espejo, 2001.
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Hunter, Tina. Regulation of the Upstream Petroleum Sector. Edward Elgar Publishing, 2015. http://dx.doi.org/10.4337/9781783470112.
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ORTÍZ-VILLEGAS, Juan José. Eficiencia y productividad de la industria petrolera mundial en el sector UPSTREAM: Un análisis a través de métodos no paramétricos, 2008-2017. ECORFAN, 2021. http://dx.doi.org/10.35429/b.2021.5.1.133.
Full textBook chapters on the topic "Upstream petroleum sector"
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Engen, Ole Andreas, Erlend Osland Simensen, and Taran Thune. "The evolving sectoral innovation system for upstream oil and gas in Norway." In Petroleum Industry Transformations. Routledge, 2018. http://dx.doi.org/10.4324/9781315142456-2.
Full textConference papers on the topic "Upstream petroleum sector"
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Alleyne, Neal A. B., and David Alexander. "Model of Human Resource Needs for the Upstream Petroleum Sector." In SPE Trinidad and Tobago Section Energy Resources Conference. Society of Petroleum Engineers, 2018. http://dx.doi.org/10.2118/191197-ms.
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Faraoni, G., D. S. Lupica, M. Zapelloni, C. Accanito, V. Michetti, and G. De Ghetto. "Energy Efficiency Methodologies and Innovative Applications in the Upstream Sector." In Abu Dhabi International Petroleum Exhibition and Conference. Society of Petroleum Engineers, 2015. http://dx.doi.org/10.2118/177812-ms.
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Orozco Cera, Eusebio Jose, Maria Angelica Legarda Zuñiga, and Juan Diego Medina Rueda. "Diagnosis of the Concentration of the Colombian Upstream Market Sector and Proposals for Increased Competitiveness." In International Petroleum Technology Conference. IPTC, 2021. http://dx.doi.org/10.2523/iptc-21227-ms.
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Abstract Given the importance of the O&G sector (exports, national budget, royalties, etc.) in the economy of countries that possess this natural resources and the increased exposure of the economy of these to the cyclical dynamics of the O&G industry, it becomes necessary unequivocally an analysis and comparison of the most used market concentration measures applicable to the upstream framework that affect the distribution of oil production and reserves to determine proposals for an increase in competitiveness, in this case analyzing the metrics in the range 2004-2016 in Colombia. The process starts from collecting the most reliable information from different associations, regulators and sources, calculating the most used market concentration measures, considering assumptions for the statistical analysis of the data as tests of normality (Shapiro-WilK Test) and then analysis and comparison of the HHI as measure of concentration of the E&P upstream market in Colombia obtained conclusions and recommendations. Ideal values were determined and recommended according to better HHI references that would imply a less concentrated upstream sector and competitive advantage to the country regionally to attract foreign direct investment (FDI). An alienation and division of National oil company- NOC from the Colombian state is proposed, divide upstream into 3 E&P companies plus 1 Midstream Transporting Company + 1 Downstream Refining Company, it is recommended given the opportunity of a possible development of unconventional resources in the country, and the economic uncertainty at the beginning of these developments, that the opportunities for pilots and initial projects be by law and in principle distributed among various private E&P operators or in associations of the state company with experienced operators, this would distribute the exploratory risk of the projects, improve the sector's competitiveness and avoid unnecessary investment exposure to the state in these ventures. The objectives, methods, processes and results obtained can be homologated to other countries with NOC, showing a direct roadmap to follow so that the economic associated with natural hydrocarbon resources allow us to further leverage the development of societies in general, but mainly developing countries rich in these resources in an environment of low prices and increasing competitiveness.
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Al-Zeabot, Nadia, and Cyril Thomas. "The Successful Implementation of a "Center Of Excellence" for the Upstream Oil Sector in Kuwait." In Abu Dhabi International Petroleum Exhibition and Conference. Society of Petroleum Engineers, 2015. http://dx.doi.org/10.2118/177509-ms.
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Hussain, Zainab, Mohammad Haider, and Ali Asker. "Emissions Management and Ambient Air Quality Monitoring in Upstream Oil and Gas Sector - Highlights of KOC's Air Compliance Management Program ACMP as an International Best Practice." In Abu Dhabi International Petroleum Exhibition & Conference. Society of Petroleum Engineers, 2018. http://dx.doi.org/10.2118/193215-ms.
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Oppong, Riverson, and Edward Kwame Amoni. "Assessing Investment in Ghana's Upstream Oil and Gas Industry: the Risk and Returns." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/207172-ms.
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Abstract The study sought to assess Investment in Ghana Upstream Sector, looking at the risk involved in the loss of Investment and the returns from the investment. The specific objectives were: to establish the level of investment in the oil and gas projects that are producing in commercial volumes in the Upstream sector of Ghana, to assess the revenues realized by Ghana and the IOCs from the sale of oil and gas since the start of commercial production in the year 2010. The researchers noticed that investors in the upstream sector face risk such as: price volatility risk, political risk, investment risk, and many other risks that affect the upstream operations. For the purposes of this study, risk is limited to investment risk. Thus, the researchers are looking at the level of investment in the upstream sector and whether the investment has any relation with the returns or revenues. A purposeful sampling technique was used to select the three commercial producing fields in Ghana for the Study. These are the Jubilee field, the TEN field, and the SGN field. Secondary data including oil and gas production volumes was taken from the annual reports of PIAC. Other secondary data was taken from Petroleum Commission, and Ministry of Finance. The results of the study showed that a total of about 8.8 billion US dollars was invested in the Jubilee field. About 4.998 billion US dollars and 5.2 billion US dollars was invested in TEN and SGN fields respectively. This means a total of about 19 billion US dollars was invested in the exploration and development of the three producing fields in Ghana. The results also indicated that despite all the risk in the upstream sector, about 22.69 billion US dollars revenues has been realized by the IOCs from the sale of oil and gas since the commencement of production in the year 2010. The results also showed that Ghana group realized about 4.98 billion US dollars from the revenues of oil and gas over the same period.
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Oppong, Riverson, and Nixon Amoah-Awuah. "Impact of the Petroleum, Local Content and Local Participation Regulation 2013, Li 2204 on Local Skills Development in Ghana's Upstream Oil & Gas Sector." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/207174-ms.
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Abstract This study was to assess how the implementation of LI 2201 has impacted the development of local skills in the sector. The study focused on the two producing International Oil Companies (IOCs) and the Petroleum Commission (PC). Data gathered were gathered using the mixed approach and analysed using descriptive analysis. The study revealed that the IOCs have put several initiatives in place to recruit and develop Ghanaians for key positions in their organization. These initiatives have resulted in forty six percent (46%) of Management staff, seventy four percent (74%) of Core Technical staff and ninety four percent (94%) of Other Support staff in their organisations combined being Ghanaians. The PC has also initiated a number of initiatives which are building the needed vocational skills as well as practical experience of Ghanaians and have led to localization of some positions within the sector. Despite the successes achieve so far, there are challenges facing the PC and the IOCs which make it difficult for the sector to achieve the full intent of LI 2204. Key among the challenges are lack of required local skills, high skills development cost, lack of cooperation among key stakeholders and limited practical development opportunities which need to be addressed to be able to achieve the key intent of the Regulations. These challenges have been acknowledged by The PC and have set up an internal committee headed by the Director of Localisation to look into ways in which localization can be improved.
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Edem, Michael, Okechukwu Nwankwo, Jennifer Muku, Fatima Usman, and Chidi Ike. "Reducing Accidents Through the Implementation of the Minimum Industry Safety Training for Downstream Operations Mistdo in the Nigerian Oil and Gas Industry." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/207085-ms.
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Abstract The Department of Petroleum Resources (DPR), the Petroleum Regulatory agency of the Nigerian oil and gas industry is mandated by law to investigate accidents in the industry. Data obtained from the oil and gas accident database from the Department of Petroleum Resources shows that accidents in the downstream sector contribute about 70%, when compared to the upstream sector. One of the reoccurring root causes from investigations point to administrative barrier failure – which is a lack of training and re-training of staff in the downstream sector on workplace safety. Against this background, the DPR introduced the Minimum Industry Safety Training for Downstream Operations (MISTDO) as part of the Safety Audit Clearance policy launched to drive safety in the downstream sector. MISTDO is a basic safety training which must be undertaken by all personnel working in the downstream sector of the Nigerian oil and gas industry. This paper reviews the recorded accidents that have occurred in the downstream sector between 2014 – 2019; examines the MISTDO courses for the various workers in downstream facilities; analyses the MISTDO tripartite model (Training provider, Operator and DPR) adopted; the effects of implementation of MISTDO and concludes with the value additions of the MISTDO program to the industry.
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Li, Huimin. "Africa Petroleum Fiscal Evolvement and Impacts on Foreign Investment: Illustrations from Nigeria." In SPE/AAPG Africa Energy and Technology Conference. SPE, 2016. http://dx.doi.org/10.2118/afrc-2567973-ms.
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ABSTRACT With plenty of latest discoveries witnessed from East Africa, the petroleum atlas reshaping is expected where some new faces (e.g. Mozambique, Kenya, Tanzania, etc.) may play emergent roles besides traditional oil countries in Africa. Due to general lack of infrastructure construction and capital investment, it still need some time for large-scale commercial production and the involvement of international oil companies is indispensable in the process. Dramatic price drop has tremendously stricken both governments and international oil companies (IOC) in oil-producing countries since 2014. The effectiveness in which governments and IOCs adjust to this reality will determine the extent and the pace of future development of these countries’ oil sectors. Most IOCs were struggling to cut capital expenditure and control operating cost to survive, and how to maintain and attract investment is regarded as huge challenges by many governments in the downward scenario. Apart from resource factors, petroleum fiscal terms are one of the key factors in the investment decision for IOCs. The attractiveness of fiscal contracts has a fundamental effect on profitability of petroleum projects, and thus an important indicator for evaluating investment feasibility in the country. The paper gives an overview on fiscal transformation in most Africa oil countries, some of them were trying to increase government share in oil profits to support social expenditures, and others have provided fiscal incentives to absorb further investment in the oil sector. It shows that fiscal policies in the countries where national economy relies more on oil revenues are less stable during the past decade. Some upstream projects in Nigeria are illustrated to show the impacts of different contract terms on economic benefits. Thus with new government's coming into power, most IOCs are holding back further investment and expecting negotiation with the authorities for confirmation on fiscal terms applied in their assets to avoid potential contractual risks, like PIB, Side letter, etc. The implications regarding petroleum regime are summarized based on the experience from Nigeria for emerging countries in East Africa, relatively stable fiscal policy with some incentives to encourage exploration activities would be helpful to petroleum industry. Lastly, investment suggestions are presented with priorities to promote business development in the area.
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Pourafshary, P., S. S. Azimpour, P. Motamedi, et al. "Priority Assessment of Investment in Development of Nanotechnology in Upstream Petroleum Industry." In SPE Saudi Arabia Section Technical Symposium. Society of Petroleum Engineers, 2009. http://dx.doi.org/10.2118/126101-ms.
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