The Petroleum Commission on Monday, opened its new Western Regional Office at New Amanful, near Takoradi.
The office, located off the Takoradi-Tarkwa road, is in fulfillment of the Petroleum Commission Act 2011 (Act821), which enjoins the Commission to open an operational office in any region where petroleum resources are found in commercial quantities.
It was also strategically placed to offer support to oil service providers and stakeholders along the six coastal areas of the region.
Delivering the inaugural address, the Chairman of the Board of the Petroleum Commission, Prof. Ivan Addae-Mensah, said the new office would bring the commission’s services to the doorsteps of its stake holders.
The commission, he explained, was mandated to regulate, manage the utilisation of petroleum resources and coordinate policies related to the petroleum upstream industry.
Since its establishment about five years ago, he said, the board and the staff, had taken practical steps to resource and equip the headquarters to effectively carry out its core mandate.
The office, Prof. Addae-Mensah added, would offer the full range of services to partner companies and would also relieve them from travelling to Accra to conduct business with the Commission.
He believed that firms and the people of the Western Region would benefit from the petroleum resources in terms of jobs and emerging business opportunities, assuring that the Commission would operate in a fair and transparent manner.
He reminded the staff of their responsibility to ensure an efficient and sustainable petroleum industry with a significant local content.
The Acting Chief Executive Officer (CEO) of the Commission, Mr. Theophilus Ahwireng, noted that the office was strategically located, especially as the operation yard of ENI Ghana was located not too far off.
Over the last few years, he said, the Commission had witnessed a significant involvement of Ghanaian businesses and professionals in the industry, with the hub located in the Western Region, hoping that the work with industry partners would be moved to greater heights.
According to Mr. Ahwireng, the upstream petroleum industry, had over the years, experienced drastic market downturn with the decline in crude oil prices which had affected the operations of oil and gas companies, urging that there was an urgent need to change the way Ghana did her business .
The Acting CEO of the Commission argued that players in the industry, including operators, service companies and regulators needed to manage cost, improve efficiency and also enhance the quality of service delivery, adding the Commission was taking these issues seriously with operators.
The Commission, he said, was working with the Ghana Revenue Authority (GRA) to ensure that revenue due to the state in the form of royalties, corporate income tax or withholding taxes were paid.
From Clement Adzei Boye, New Amanful