At African Energy Week 2023, Egbert Faibille Jnr., CEO of the Ghana Petroleum Commission, will discuss Ghana’s energy progress and new opportunities.
Egbert Faibille Jnr, CEO of the Ghana Petroleum Commission, will speak at the highly anticipated African Energy Week (AEW) 2023, scheduled to take place on October 16–20 in Cape Town. With his unparalleled expertise and visionary leadership in the energy sector, Faibille Jnr will share invaluable insights and thought-provoking perspectives on critical topics shaping the energy landscape across the African continent.
Faibille Jnr stands as a representative of one of Africa’s foremost hydrocarbon powers, a nation boasting potential oil reserves exceeding 5 billion barrels and a gas endowment of 1.72 trillion cubic feet. Faibille Jnr’s participation is poised to illuminate crucial gas projects, innovative energy initiatives and the immense potential of Ghana’s energy sector in the broader African energy market.
The Petroleum Commission is the country’s national regulatory agency responsible for the regulation, management and coordination of upstream petroleum activities in Ghana. It was established to oversee the country’s petroleum resources and ensure that it is developed and managed in a sustainable and efficient manner.
Notable achievements in Ghana’s energy landscape under Faibille Jnr’s guidance include the prolific Jubilee oil field, a source of 150,000 barrels per day; the impressive 3.4 million-ton Tema Liquified Natural Gas terminal; the substantial discovery in the West Cape Three Points Block 2 area by Springfield E&P; the monumental 1,000 MW Sankofa gas-to-power project; and the visionary West African Gas Pipeline project, designed to transport natural gas across West Africa, including Ghana.
Meanwhile, Ghana’s attractive business climate has beckoned some of the world’s largest oil majors to participate in its oil and gas sector. Aker Energy, Tullow Ghana, Vitol, Kosmos Energy, ENI and Springfield E&P, among others, stand as testaments to this flourishing sector. The Ghana Petroleum Commission is thereby tasked with regulating and issuing licenses for exploration, development, and production of petroleum resources, which ensures that these companies operating in the sector adhere to regulations and best practices.
Driving local content development, the commission encourages Ghanaian entities to actively engage in the petroleum sector. Reflecting on a youthful market since Ghana’s entry into oil and gas in 2010, strategic programs like the Ghana Upstream Sector Internship and the Associated Oil and Gas Capacity Building initiatives were launched. These initiatives channel young talent into technical institutions for specialized training. To ensure global recognition, the commission also established certification programs for graduates.
Additionally, Ghana’s partnership with regional electricity markets such as the Economic Community of West African States (ECOWAS) and West African Power Pool (WAPP) enables cross-border energy trade, strengthens energy security, and promotes regional economic integration. This engagement creates avenues for infrastructure growth, interconnectivity initiatives and energy trading, appealing to investors seeking cross-border prospects. Additionally, cross-border collaboration fosters sustainable energy development by harnessing collective strengths, exchanging knowledge, and transferring technology. In this context, the Ghana Petroleum Commission contributes significantly to advancing regional cooperation.
“Ghana’s promising energy sector, steered by Faibille Jnr’s visionary leadership, underscores the pivotal role of sustainability and robust local content in shaping Africa’s energy landscape. The nation’s achievements serve as a beacon of inspiration for the continent, showcasing the tangible benefits of responsible practices and fostering local expertise. Ghana’s success resonates as a guiding light, inspiring other African nations to harness its resources, empower its workforce, and chart a course toward lasting energy resilience,” states NJ Ayuk, Executive Chairman of the AEC.
In his capacity as CEO, Faibille Jnr’s contributions at the AEW stand as an invaluable resource for industry leaders aspiring to garner insights into the operations of the Ghana Petroleum Commission. Furthermore, his presence offers a unique opportunity for cross-learning, whereby he can absorb and draw inspiration from the regulatory practices of other African nations, thereby enriching the discourse with perspectives on favorable approaches.
AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance, and partnership opportunities, visit www.aecweek.com