Business News of Monday, 7 September 2026

Source: www.ghanaweb.com

Petroleum Commission, Uganda authority deepen upstream cooperation

The PC Board-PAU Board engagement ended with a shared commitment to deepen cooperation The PC Board-PAU Board engagement ended with a shared commitment to deepen cooperation

Ghana and Uganda are strengthening cooperation in the upstream petroleum sector as regulators from both countries exchange practical lessons on petroleum governance, regulation and operations.

The Petroleum Commission last week hosted the Board of Directors of the Petroleum Authority of Uganda (PAU) for a high-level peer-learning engagement focused on sharing experiences and strengthening regulatory capacity.

Opening the engagement, Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle, said the visit presented an opportunity for both institutions to learn from each other’s experiences.

“This is not simply a routine bilateral engagement. It is an opportunity for two African petroleum regulators to share what has worked, confront the challenges we have encountered and learn from each other as we seek to ensure that our petroleum resources deliver lasting value to our people.”

Hardcastle said Ghana was prepared to share the successes and challenges it had encountered since moving from petroleum exploration and development into commercial production.

She highlighted Ghana’s legal and regulatory framework, policy, expenditure oversight, health, safety and environmental standards, investment facilitation and local content development as key areas of experience.

She said local content remained central to Ghana’s approach to petroleum governance, with the aim of ensuring that citizens and local businesses derive meaningful benefits from the industry.

“We want Ghanaians to be active participants in the petroleum industry, not spectators.”

Board Chairman of the Petroleum Commission, Ernest Thompson, said the engagement was important as African petroleum regulators confront increasingly complex challenges in the upstream sector.

“As African regulators, we must learn from one another. By sharing our experiences and lessons, we can strengthen our institutions and ensure that petroleum resources are managed responsibly for the benefit of our people.”

Thompson commended the Petroleum Authority of Uganda for its progress as the country advances its major upstream projects.

He said Ghana had followed Uganda’s experience with particular interest, including its work in onshore resource management, community engagement and environmental safeguards.

He expressed the expectation that the engagement would lead to a more formal knowledge-sharing arrangement between the two regulatory institutions.

Speaking on behalf of the Ugandan delegation, Prof Vincent Bagire, a member of the Board of the Petroleum Authority of Uganda, said the delegation was in Ghana to learn from the country’s experience while sharing lessons from Uganda’s own petroleum development.

“We have come to Ghana to learn, to share and to build a relationship that goes beyond this meeting. As Uganda moves towards first oil, the lessons from countries that have already gone through the exploration, development and production phases are extremely valuable to us.”

Bagire said the engagement was not about comparing institutions but about identifying practical approaches that could improve regulatory effectiveness in both countries.

The Petroleum Commission took the Ugandan delegation through a series of technical presentations covering Ghana’s legal and regulatory framework, policy underpinnings, institutional arrangements, upstream petroleum operations, local content development, and health, safety and environmental management, among other areas.

The presentations were followed by an interactive session, allowing members of both delegations to ask questions, challenge approaches and exchange practical experiences on the regulation of upstream petroleum activities.

The discussions focused on the realities of petroleum governance and the lessons that can be drawn from each country’s experience.

As Ghana increasingly looks towards onshore exploration, including the Voltaian Basin, Uganda’s experience in onshore petroleum development offers relevant lessons.

Both sides also recognised the wider pressures facing the petroleum industry, including the need to attract investment, manage resources efficiently, maintain strong environmental and safety standards, and respond to changes in the global energy landscape, particularly within the context of the energy transition.

The PC Board-PAU Board engagement ended with a shared commitment to deepen cooperation and continue the exchange of knowledge as Ghana and Uganda work to ensure that their petroleum resources contribute meaningfully to national development.