Petroleum (Exploration and Production) Act

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GroundbreakingGyrolite4798
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Which Act governs the exploration and production of petroleum in Ghana?

Petroleum (Exploration and Production) Act, 2016

What is the main objective of the Petroleum (Exploration and Production) Act, 2016?

To manage petroleum resources

What is the purpose of a Reconnaissance Licence?

To conduct preliminary surveys

What is the duration of a Petroleum Agreement?

10 years

What is the minimum work obligation for an exploration contract area?

2% of the contract area

This quiz tests your knowledge of the Petroleum (Exploration and Production) Act, 2016 Act 919. Test your understanding of the scope, objectives, and management of petroleum resources, as well as the conduct of petroleum activities. Explore topics such as area management, reconnaissance licenses, and petroleum agreements.

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