FAQs - Frequently Asked Questions
Who are we [Petroleum Commission - PC]?
The PC was created to fulfill a Constitutional requirement. Article 269 (1) of Ghana’s Constitution which enjoins Parliament to establish a Commission to be responsible for the regulation and management of the utilisation of any natural resources (including oil and gas) found in the country. Additionally, Government's policy lays a lot of emphasis on the upstream petroleum sector to dual outcomes of it becoming a blessing or a curse. The former obviously being the preference of government.
When was the PC Established?
The PC Act, Act 821 was assented on 14th July 2011. It took full regulatory function of the upstream oil and gas industry on May 1, 2012.
What is the objective of the Petroleum Commission?
The object of the Commission is to regulate, monitor and manage petroleum activities and the utilisation of petroleum resources and to co-ordinate the policies in relation to them.
What are the core functions of the Commission?
All the functions of the commission are important in ensuring that the sector is fairly regulated as per best practices elsewhere in the world. These functions are;
How is the Governance of the Commission structured?
The Ministry of Energy and Petroleum has direct oversight over the PC. A seven (7) member Board of Directors gives strategic direction to the PC with the Chief Executive Officer being responsible for the day to day administration of the PC.
Which sector of the petroleum industry does the Commission regulate?
The PC regulates activities in the upstream sector. This sector is basically concerned with Exploration & Production of Petroleum. It must be noted that petroleum used here stands for Oil and Gas.
What is the distinction between the Commission and the Energy Commission?
The Energy Commission is the technical regulator of Ghana’s electricity, downstream natural gas and renewable energy sector, and the advisor to Government on energy matters. The PC on the other hand regulates, monitors and manages petroleum activities and the utilisation of petroleum resources and to co-ordinate upstream. Similarities they are both regulatory bodies, difference is that PC regulates upstream sector.
What is the distinction between the Commission and GNPC?
The GNPC is now a commercial entity. It is now the national oil company and mandated to partner all major operators in the exploitation and production of petroleum. GNPC can also on its own or independently acquire a block and explore for oil and gas. The PC regulates the activities of GNPC.
What is the distinction between the Commission and the Ministry of Energy & Petroleum?
Petroleum Commission is an agency under the Ministry of Energy and Petroleum
Does the Petroleum Commission issue any Permits?
First, all operators and service providers (sub contractors) are required by law to register with the PC.
What types of Public Reports does the Commission publish?
As a statutory requirement the PC publishes an Annual Report. The contents are enshrined in Section 3(k) of ACT 821.
We protect the social, environmental and economic livelihoods of communities that are affected by the petroleum activities of oil and gas companies.