Scottish oil and gas delegation explores interests in Ghana
A high-powered team of Scottish business people are in the country to explore investment opportunities in the oil and gas sector.
Representatives of 19 oil companies, whose visit was facilitated by the Scottish Development International (SDI), will in the next four days interact with key players in the oil and gas sector to assess the industry and find potential local partners.
They will also share their expertise with players in the local industry on a win-win basis.
The outgoing British High Commissioner to Ghana, Mr Jon Benjamin, who hosted the delegation at his residence, said the visit by the Scottish team was timely, considering that Ghana was an emerging oil country.
"Oil and gas is central to the socio-economic development of countries that are able to manage the resource well.
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"Ghana has an infant but promising oil and gas sector that has a huge potential to turn the economic fortunes of the country around, if the right things are done, so the visit by experts from these top companies is very relevant,” he said.
The leader of the Scottish delegation, Mr Andrew Monaghan, who is also the West Africa Trade Advisor to the SDI, described the visit as a key milestone in the Scotland-Ghana cooperation in the oil and gas sector.
"I am delighted to have led such a large trade delegation which is ready to help build Ghana's oil and gas sector.
"The team is made up of experts that will help in key areas such as education and training, sub-sea engineering, electrical products distribution and remote communication systems," he said.
Mr Monaghan gave assurance that the Scottish businesses were aware of the local content law in the country, stressing that: "We will discuss issues relating to local content and local participation issues at our roundtable discussions with the local stakeholders."
He said the Scottish oil and gas sector had survived many turbulent moments, including drops in oil prices, but due to innovative mechanisms, it had stood the test of time.
"We are ready to share the experiences with Ghana so that the appropriate measures can be taken to boost the sector," he said.