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Questions and Answers
Which Act governs the exploration and production of petroleum in Ghana?
Which Act governs the exploration and production of petroleum in Ghana?
- Petroleum (Exploration and Production) Act, 2016 (correct)
- Petroleum (Management and Production) Act, 2019
- Petroleum (Exploration and Extraction) Act, 2018
- Petroleum (Resources and Production) Act, 2017
What is the main objective of the Petroleum (Exploration and Production) Act, 2016?
What is the main objective of the Petroleum (Exploration and Production) Act, 2016?
- To manage petroleum resources (correct)
- To regulate petroleum prices
- To promote renewable energy sources
- To encourage foreign investment
What is the purpose of a Reconnaissance Licence?
What is the purpose of a Reconnaissance Licence?
- To review terms and conditions
- To conduct preliminary surveys (correct)
- To conduct exploration drilling
- To transfer assets to the Corporation
What is the duration of a Petroleum Agreement?
What is the duration of a Petroleum Agreement?
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What is the minimum work obligation for an exploration contract area?
What is the minimum work obligation for an exploration contract area?
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