They also noted that, the transition to cleaner fuels, was on course and assured that, the government, Ministry of Energy and partners were keen to achieve the desired goals.

These declarations were made by PC and industry at a media engagement as part of the conference held on the theme‘Sustaining local content development through enhanced exploration and production activities in the era of energy transition.’

The Chief Executive Officer (CEO) of PC, Egbert Faibille, told journalists that, the

president had announced the drafting of the national framework, which the Ministry of Energy was doing an extensive work on

Mr Faibille revealed that companies which attended the conference knew Ghana’s position is right  on  the issue  with energy transition  and  that all over the world, academics and array of stakeholders are talking about what he described as “energy trilemma.”

“A new word has been introduced,   the energy’“trilemma”, that is energy, security and justice and sustainability.These three very key words as developing nations try to know what the rules are and ensure that we get it right with energy transition,” he said.

The CEO said:  I think that Ghana is poised, I look at a document that the Ministry of Energy has brought out. I think that it will become a reference point for a lot more developing countries, so don’t worry, we are on course.”

Speaking for Jubilee partner, Local Content Manager, Supply Chain, Tullow Oil PLC, Dr Jennifer Bruce-Konduah, mentioned that, “local content had been a critical component of our business model since we discovered oil in commercial quantities in Ghana in 2007.”

“Our focus is on optimising the use of local goods, services and skill to the benefit of our supply chain and that of the local economy. We the Jubilee partners remain committed to generating in- country capability to support the long term development of the oil and gas sector,” she said.

The Jubilee partner, Dr Bruce-Konduah said was honoured to be part of this year’s conference and looked forward to engage other stakeholders on energy transition.

She said: “Tullow and Jubilee partners have committed to becoming a netzero company by 2030 on our scope one and two emissions. We will achieve this through a number of decarbonising activities to eliminate flaring.”

“Eliminating flaring on our assets requires an increase in gas export, and we are collaborating with the government on that front and undertaken investments to modify our offshore assets. These investments are included in our business plan, and will put us on track to eliminate routine flaring by 202,” she said.

Dr Bruce-Konduahreiterated that Jubilee Partners were working closely with its partners including the Ghana Forestry Commission to  pursue a nature-based carbon removal programme to offset hard abate emissions.

The Director Local Content at PC, Kwaku Boateng, said the conference discussed how to sustain the progress in local content management and also ensure Ghanaian professionals, businesses and industries getjobs.

“Without investment in exploration and production, there’ll be little available for local content development,” he added.