PETROLEUM (EXPLORATION AND PRODUCTION) ACT, 2016 (ACT 919)

THE NINE HUNDRED AND NINETEENTH ACT OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED PETROLEUM (EXPLORATION AND PRODUCTION) ACT, 2016 AN ACT to regulate petroleum activities and to provide for related matters. DATE OF ASSENT: 19th August, 2016. PASSED by Parliament and assented to by the President:

Legislation

Table of Content

General Provisions

1. Scope of the Act,

2. Object of the Act

3. Title to petroleum

4. Management of petroleum resources

5. Conduct of petroleum activities

Area Management

6. Reference map

7. Opening of area

8. Closure and redefinition of area

Reconnaissance Licence

9. Reconnaissance licence

Petroleum Agreement

10. Petroleum agreement

11. Petroleum activities by the Corporation

12. Contract area

13. Operator

14. Duration

15. Change of ownership

16. Assignment

17. Sub-contracting

18. Pre-emption

19. Transfer of assets to the Corporation

20. Review of terms and conditions

Exploration

21. Exploration period and extension

22. Relinquishment of contract area

23. Minimum work obligation

24. Exploration drilling,

25. Notification of petroleum discovery and appraisal

Development and Production

26. Prudent exploitation

27. Plan of development and operation

28. Restrictions on approval of plan of development and operation

29. Postponement of development

30. Commencement of petroleum production

31. Production programme and permits

32. Utilisation of associated natural gas

33. Restrictions on flaring

34. Co-ordination of petroleum activities and unitisation

35. Cross-border cooperation and unitisation

36. Third party use of production facilities

37. Measurement of petroleum obtained

Transportation, Treatment and Storage

38. Licence to install and operate facilities for transportation, treatment and storage of petroleum

39. Application to install and operate facilities

40. Conditions for granting of a licence to install and operate facilities

41. Landing of petroleum

42. Third party use of transportation, treatment and storage facilities

Cessation, Decommissioning and Removal of Facilities

43. Decommissioning plan

44. Decision on the decommissioning plan

45. Decommissioning fund

46. Plugging and abandonment of well

47. Restoration of affected areas

48. Liability for decommissioning

49. Compliance

General Requirements for Petroleum Activities

50. Petroleum operating standards

51. Supervision and inspection

52. Ownership of petroleum data

53. Samples, data and information

54. Reporting

55. Information concerning petroleum activities

56. Petroleum register

57. Mortgaging of participating interest

58. Security for fulfilment of obligations

59. Liabilities

60. Employment and training of Ghanaian citizens

61. Use of Ghanaian goods and services

62. Technology transfer

63. Local content plan

64. Establishment of the Local Content Fund

65. Object of the Fund

66. Sources of money for the Fund

67. Management of the Fund

68. Accounts and audit

69. Annual report and other reports

70. Incorporation of local company

71. Domestic supply requirement

72. Interference with lawful activities, compensation and access to land

Health and Safety, Security and Environment

73. Safety requirements and standards

74. Safety precautions

75. Emergency preparedness

76. Emergency preparedness against deliberate attacks

77. Safety zones

78. Suspension of petroleum activities

79. Measures to ensure safety

80. Qualifications

The Environment and Liability for Pollution Damage

81. Environmental principles and protection

82. Impact assessment

83. Liability for pollution damage

84. Compensation for pollution damage

Fiscal Provisions

85. Payment of royalties

86. Annual fee in respect of acreage

87. Tax

88. Bonus payments

89. Additional oil entitlement

Miscellaneous Provisions

90. Natural resources other than petroleum resources

91. Transactions between contractor and affiliates

92. Insurance

93. Offences and penalties

94. Authority to issue Regulations, guidelines and stipulate conditions

95. Interpretation

96. Transitional provisions

97. Repeal and savings

General Provisions

1. Scope of the Act,

2. Object of the Act

3. Title to petroleum

4. Management of petroleum resources

5. Conduct of petroleum activities

Area Management

6. Reference map

7. Opening of area

8. Closure and redefinition of area

Reconnaissance Licence

9. Reconnaissance licence

Petroleum Agreement

10. Petroleum agreement

11. Petroleum activities by the Corporation

12. Contract area

13. Operator

14. Duration

15. Change of ownership

16. Assignment

17. Sub-contracting

18. Pre-emption

19. Transfer of assets to the Corporation

20. Review of terms and conditions

Exploration

21. Exploration period and extension

22. Relinquishment of contract area

23. Minimum work obligation

24. Exploration drilling,

25. Notification of petroleum discovery and appraisal

Development and Production

26. Prudent exploitation

27. Plan of development and operation

28. Restrictions on approval of plan of development and operation

29. Postponement of development

30. Commencement of petroleum production

31. Production programme and permits

32. Utilisation of associated natural gas

33. Restrictions on flaring

34. Co-ordination of petroleum activities and unitisation

35. Cross-border cooperation and unitisation

36. Third party use of production facilities

37. Measurement of petroleum obtained

Transportation, Treatment and Storage

38. Licence to install and operate facilities for transportation, treatment and storage of petroleum

39. Application to install and operate facilities

40. Conditions for granting of a licence to install and operate facilities

41. Landing of petroleum

42. Third party use of transportation, treatment and storage facilities

Cessation, Decommissioning and Removal of Facilities

43. Decommissioning plan

44. Decision on the decommissioning plan

45. Decommissioning fund

46. Plugging and abandonment of well

47. Restoration of affected areas

48. Liability for decommissioning

49. Compliance

General Requirements for Petroleum Activities

50. Petroleum operating standards

51. Supervision and inspection

52. Ownership of petroleum data

53. Samples, data and information

54. Reporting

55. Information concerning petroleum activities

56. Petroleum register

57. Mortgaging of participating interest

58. Security for fulfilment of obligations

59. Liabilities

60. Employment and training of Ghanaian citizens

61. Use of Ghanaian goods and services

62. Technology transfer

63. Local content plan

64. Establishment of the Local Content Fund

65. Object of the Fund

66. Sources of money for the Fund

67. Management of the Fund

68. Accounts and audit

69. Annual report and other reports

70. Incorporation of local company

71. Domestic supply requirement

72. Interference with lawful activities, compensation and access to land

Health and Safety, Security and Environment

73. Safety requirements and standards

74. Safety precautions

75. Emergency preparedness

76. Emergency preparedness against deliberate attacks

77. Safety zones

78. Suspension of petroleum activities

79. Measures to ensure safety

80. Qualifications

The Environment and Liability for Pollution Damage

81. Environmental principles and protection

82. Impact assessment

83. Liability for pollution damage

84. Compensation for pollution damage

Fiscal Provisions

85. Payment of royalties

86. Annual fee in respect of acreage

87. Tax

88. Bonus payments

89. Additional oil entitlement

Miscellaneous Provisions

90. Natural resources other than petroleum resources

91. Transactions between contractor and affiliates

92. Insurance

93. Offences and penalties

94. Authority to issue Regulations, guidelines and stipulate conditions

95. Interpretation

96. Transitional provisions

97. Repeal and savings

Section 1

1. Scope of the Act

This Act applies to petroleum activities within the jurisdiction of the Republic of Ghana, including activities in, under and upon its territorial land, inland waters, territorial sea, exclusive economic zone and its continental shelf

Section 2

2. Object of the Act

The object of the Act is to provide for and ensure "safe, secure, sustainable and efficient petroleum activities in order to achieve optimal long-term petroleum resource exploitation and utilisation for the benefit and welfare of the people of Ghana.

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PETROLEUM (EXPLORATION AND PRODUCTION) ACT, 2016 (ACT 919)

1. Scope of the Act

2. Object of the Act

PETROLEUM (EXPLORATION AND PRODUCTION) ACT, 2016 (ACT 919)

1. Scope of the Act

2. Object of the Act