Can a Developing Country Like Ghana Control its Oil and Gas Resources Through Production Sharing Agreements?
Article from: OGEL 4 (2010), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
Ghana - a developing country and a frontier oil province[1] - needs to consider its circumstances and adopt a contractual module that will ensure maximum control over its hydrocarbon resources. Is PSA an appropriate contractual model for Ghana? In answer to this question, this article explains the production sharing agreement (PSA) concept and analyses its effectiveness in the control of hydrocarbon resources by states who sign-up to it. Ghana's development status as well as its legal environment for petroleum investment is also assessed in relation to PSA. It is ...