Natural gas is key to opportunities, Haas

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The Senior Vice-president of Production and Development for Kosmos Energy, Mr Eric Haas, has predicted a brighter future for Ghana’s oil and gas...

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The Senior Vice-president of Production and Development for Kosmos Energy, Mr Eric Haas, has predicted a brighter future for Ghana’s oil and gas industry.

The country, he said, could harness two big opportunities if attention is paid to natural gas development and new exploration activities.

Speaking at the Petroleum Commission’s (PCs) stake,holder forum on the country’s 10 years milestone as an oil-producing nation, Mr Haas said the first prospect for Ghana is supporting the development of the country’s natural gas potential in the years ahead.

The gas factor

“The use of indigenous gas to deliver reliable power generation promises to unlock significant economic growth and social development for Ghana,” he said.

In his view if the natural gas potential is properly supported by the right vision and infrastructural investments, “natural gas could be a catalyst for rapid industrialisation. This is a cause that Kosmos has been championing for several years.”

The senior vice-president observed that the second big opportunity is embedded in new exploration, adding, “After discovering the Jubilee Field, Kosmos took what it learned in Ghana to other parts of the world – to places such as Mauritania, Senegal, and Surinam.”

For the next wave of exploration to take place in Ghana after Jubilee Field,“the industry and the government will need to work together to negotiate mutually beneficial contracts that reflect the broader industry context.”With both

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