The Committee on Mines and Energy of Ghana’s Parliament has urged the House to expedite the passage of the Petroleum (Exploration and Production) Bill, 2016 into law.
Chairman of the Committee, Amadu B. Sorogho said this on the floor of the House when he was presenting the ‘Report of the Committee on Mines and Energy on the Petroleum (Exploration and Production) Bill, 2016.
Touching on the Report, Hon. Sorogho explained that the Petroleum (Exploration and Production) Bill, 2014 was laid in Parliament on Tuesday, the 11th of November, 2014, but after due consideration of the Bill, the Committee proposed several amendments to strengthen the provisions in the Bill.
The Chairman added that this prompted meetings between the Ministry of Petroleum, the Leadership of the House and the Committee to withdraw the Bill to incorporate the amendments proposed to facilitate the passage of the Bill.
He further indicated that the Bill was accordingly withdrawn by the Minister for Petroleum, Emmanuel Armah-Kofi Buah on Friday, the 3rd of June, 2016 and replaced with a new Bill, Petroleum (Exploration and Production) Bill, 2016 for its consideration and passage.
The Bill when passed into law will repeal the Petroleum (Exploration and Production) Act, 1984 (PNDC Law 84).
Object of the Bill
The object of the Bill 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.
The Bill contains ninety-seven (97) Clauses and has been arranged in line with the various stages of petroleum activity.