40 coys seek petroleum upstream partnership in Norway

Egbert Faibille

Mr Egbert Faibille

More than 40 Ghanaian companies in the petroleum upstream sector, led by the Petroleum Commission, Ghana, are in Norway in search of partnership opportunities with global industry players.

The trade mission is expected to yield foreign investment and facilitate technology, skills and knowledge transfers to Ghanaian firms, especially the start-ups, to help them strive in and bolster the sector.

The highpoint of the weeklong mission is the 2018 Offshore Northern Seas (ONS) Conference and Exhibition, a leading global platform for energy, which opens this morning (Monday) in Stavanger, Norway.

The four-day biennial conference is connecting at least 50,000 exhibitors, international suppliers, operating companies, start-ups, visitors and experts on the theme ‘Innovate’.

On the sidelines, Ghanaian companies would have business to business networks with investors, participate in a Ghana Market Session as well as embark on industrial tours to foster possible joint ventures.

Leader of the trade mission; Egbert Faibille Jnr, Chief Executive Officer of the Commission and Lawrence Apaalse, Chief Director of the Ministry of Energy are scheduled to lead the Ghanaian session.

They would be highlighting Ghana’s oil and gas potential on the theme, ‘Making Ghana an attractive market for investment’ which is expected to whip up their interest in Ghana’s blossoming sector.

Amongst the delegation are Joseph Cudjoe, a Deputy Minister of Energy and officials from the Ghana National Petroleum Corporation (GNPC) and Ghana Ports and Harbours Authority.

The Petroleum Commission is collaborating with the Norwegian Energy Partners for the trade mission which is the second of its kind to be organised by the commission this year after the maiden edition took the delegation to Aberdeen, Scotland, in June.

Director in charge of Local Content at the Commission, Kwaku Boateng, at a pre-departure briefing in Accra on Friday, said the trade mission was in line with the commission’s goal of promoting local content and participation in the sector.

Facilitating technology, skills and knowledge transfers to Ghanaian firms, especially, the start-ups and the small and medium enterprises, he said was key in achieving the objective.

He said building the capacity of the firms had become important as many small companies particularly the start-ups were unable to make the most of the highly technologically driven and capital intensive sector.

The mission, Mr.Boateng said would help them create the needed partnerships with foreign counterparts, through which they could overcome their technological and financial constraints and excel in the sector.

He said about 70 companies in Norway were desirous to meet the Ghanaian firms during the trade mission and expressed the hope that the mission would yield fruitful results.

He said the government approval given to Aker Ghana Energy, a subsidiary of Aker Energy ASA, a Norwegian holding company in June to take over Hess Ghana stake in the DeepwaterTano Cape Three Points block, was likely to attract more Norwegians companies to Ghana.

On the Aberdeen trade mission, he said it had started yielding positive results as some of the Ghanaian companies had received some follow-up communication from their potential partners.





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