GHANA NATIONAL PETROLEUM CORPORATION ACT, 1983

(1) There is hereby established a body corporate to be known as the Ghana National Petroleum Corporation. (2) The Corporation shall have perpetual succession and a common seal and may sue and be sued in its corporate name. (3) The Corporation may, for and in connection with the carrying out of its objects, acquire, hold and dispose of movable and immovable property and may enter into a contract or any other transactions. (4) Where there is a hindrance to the acquisition by the Corporation of property, the property may be acquired for the Corporation under the State Property and Contracts Act, 1960 (C.A.6), or under the State Lands Act, 1962 (Act 125), and each Act shall apply to an acquisition with the modifications that are necessary to provide for the vesting of the property acquired in the Corporation and for the cost of the acquisition to be defrayed by the Corporation.

(1) The objects of the Corporation are to undertake the exploration, development, production and disposal of petroleum. (2) Without limiting the generality of subsection (1), the Corporation shall (a) promote the exploration and the orderly and planned development of the petroleum resources of the Republic; (b) ensure that the Republic obtains the greatest possible benefits from the development of its petroleum resources; (c) obtain the effective transfer to the Republic of appropriate technology relating to petroleum operations; (d) ensure the training of citizens and the development of national capabilities in all aspects of petroleum operations; and (e) ensure that petroleum operations are conducted in such manner as to prevent adverse effects on the environment, resources and people of Ghana. (3) Subject to this Act and any other enactment the Corporation may (a) advise the Minister and the National Energy Board on matters relating to petroleum operations; (b) engage in petroleum operations, alone or in association with others; (c) enter into petroleum exploration and production agreements and any other petroleum contracts providing for the assistance, participation or co-operation of contractors in connection with petroleum operations; (d) repealed;1a(2) (e) engage in research and development programme related to petroleum; and (f) engage in any other activities, alone or in association with others, as may be necessary or desirable for the carrying out of petroleum operations.