About the Book
Oil exploration in the developing world has been and continues to be a high profile and high risk activity attracting media coverage and stimulating much debate. In Governance of the Petroleum Sector in an Emerging Developing Economy, Professor Kwaku Appiah-Adu has assembled an edited volume that provides insight into critical aspects of this highly sensitive activity. Professor Appiah-Adu’s starting point is Ghana, where he has been closely involved in national policy-making. The book makes comparisons between that African country and others as diverse as Trinidad and Tobago, and Norway. The contributors, global experts in their respective fields, explore five critical themes and propose strategies for progress in each. You will find an in-depth analysis relating to: turning oil and gas wealth into sustainable and equitable development; entrenching transparency and stakeholder engagement; effective management of the oil and gas sector; and safeguarding security and the environment. Finally, country specific models and lessons, particularly for Ghana and other African oil producing nations, are offered. This book serves as reference for business practitioners, policy makers, scholars, students and anyone interested in gaining insight into the oil and gas sector, particularly as it pertains to Ghana and other African petroleum producing nations, with lessons drawn from the global arena and international best practice.
Table of Contents:
1: Introduction; 1: Turning Oil and Gas Wealth into Sustainable and Equitable Development; 2: Managing the Extractive Resource; 3: Revenue Management in the Oil and Gas Sector; 4: Ghana's Petroleum Revenue Management Law: A Social Contract for Good Economic Governance and Possible Challenges; 5: Risks in Gas-Power Project Financing; II: Entrenching Transparency and Stakeholder Engagement; 6: Towards Good Governance in Ghana's Petroleum Sector; 7: Civil Society and the Evolution of Accountability in the Petroleum Sector; 8: Can Ghana Avoid the Resource Curse?; III: Entrenching Transparency and Stakeholder Engagement; 9: Ghana's Present Legal Framework for Upstream Petroleum Production; 10: Petroleum Economics – Ghana's Petroleum Tax Regime and its Strategic Implications; 11: Maximizing National Development From the Oil and Gas Sector Through Local Value-Add: Extracting From an Extractive Industry; 12: Natural Gas as a Source for Downstream Industrial Development; IV: Safeguarding Security and the Environment; 13: Oil and Gas Issues: The Environment, Health and Safety, and Community Engagement; 14: Oil and Gas Security Issues; V: Country-specific Models and Lessons for Ghana and Other African Oil-producing Nations; 15: The Trinidad and Tobago Model; 16: The Main Attributes of the Norwegian Approach; 17: The Norwegian Experience; 18: Conclusion
About the Author :
Kwaku Appiah-Adu (PhD) is Professor of Business Management and Vice Dean at Central University Business School and Chairman of the Centre for Advanced Strategic Analysis, Ghana. He was Head of Policy Coordination, Monitoring and Evaluation at the Office of the President, Ghana, Chairman of the Oil and Gas Technical Committee, Director of Ghana's Central Governance Project and a member of the Advisory Board for the UN Initiative on Continental Shelf Delineation. Kwaku served as a member of the President's Investors' Advisory Council. He has worked as a Consultant with PwC and lectured at the Universities of Cardiff and Portsmouth. An author of five books on management, Kwaku has published widely in refereed journals and presented papers at several international forums. He has been elected to the ANBAR Hall of Excellence. He is a director of a number of blue-chip companies. Farouk Al-Kasim, Kwaku Appiah-Adu, Stephen K. Donyinah, Francis Mensah Sasraku, Joe Amoako-Tuffour, Mangowa A. Ghanney, Nana Kegya Appiah-Adu, Patrick R.P. Heller, Inge Amundsen, Ama Jantuah Banful, Anthony E. Paul, Kerston Coombs, Samuel Aning, Farouk Al-Kasim.
Review :
'The special attraction of this book lies in combining descriptive analyses, empirical studies and practical policy recommendations. Thought provoking and instructive in every respect, the content is presented in a captivating and easily digestible style, covering a range of carefully selected subjects that an emerging oil producing country cannot afford to ignore if it is to manage its petroleum resources effectively. As chair of the Technical Committee tasked to draft Ghana's petroleum policy following the discovery of oil in commercial quantities, Professor Appiah-Adu draws on his first hand experience in understudying both resource- blessed" and "cursed" countries as well as his network of experts in the field of oil and gas to develop this classic set of contributions. A splendid achievement by all standards and a must read for all with an interest governance and development.' His Excellency John Agyekum Kufuor, President, Republic of Ghana, 2001-2009 'This superbly produced book sets extremely high standards in all respects. It is easy and enjoyable to read, comprehensive in its scope and thorough in its treatment of all subjects covered. This book is transnational with examples and illustrations integrated in a consistent whole, as well as multiple links between the subject areas discussed. I strongly recommend it to all who need to be conversant with the underpinnings of effective petroleum management in a developing economy.' E. H. Amonoo-Neizer, Chairman, Council for Scientific and Industrial Research and Vice Chancellor Emeritus, Kwame Nkrumah University of Science and Technology, Ghana 'This book is a bold attempt to canvass a range of governance issues relating to the petroleum sector and has done the nearly impossible by assembling a number of experienced and outstanding scholars from different perspectives to address comprehensive, coherent, thought-provoking and practically relevant subjects whose contemporary relevance transcends the Ghanaian situation. The book is a masterpiece and an essential and highly recommended reading for policy makers, oil and gas practitioners, scholars and students globally.' Martin Tsamenyi, The Australian National Centre for Oceans Resources and Security (ANCORS), University of Wollongong, Australia 'This book deals with a range of factors that are critical to the success of managing petroleum resources and hence require close attention by emerging petroleum producing nations. The style of the text makes it valuable to a wide spectrum of readers and I highly recommend it to technical staff involved in policy making in both oil companies and government agencies. Additionally, readers who wish to acquaint themselves with the dynamics of the petroleum industry, scholars in business schools as well as engineering institutions, business executives and consultants will find the contents of this book instructive and an invaluable reference material.' Farouk Al-Kasim, Chief Executive Officer, Petroteam AS, Norway 'Knowledge and practice of sound governance principles in the petroleum sector is fundamental to enhancing the economic development of any oil producing country. I recommend this book to practitioners, policy makers, researchers, consultants and students seeking to gain a better understanding of the dynamics of the petroleum sector.' Stephen Sekyere-Abankwa, Board Chairman, Ghana National Petroleum Corporation, 2002-2008 'I wish to congratulate Professor Appiah-Adu and the team from across the globe that contributed to this refreshing thematic collection that demonstrates how a developing economy can harness its oil and gas resources to make it a blessing to its people. The choice of subject and timing could not have been better. Buy it now and read it now.' Peter Blom, Chairman IDFG Ltd and Board Member, Confederation of Danish Industry, Copenhagen, Denmark 'The thematic areas covered by this book are of paramount relevance to countries such as Ghana that must needs manage an emerging oil resource in a manner that would inure not only to present good, but also to the benefit of generations yet unborn. The emphasis on issues of sustainability, transparency, stake-holder engagement and environmental impact as drivers for effective management of a petroleum economy strongly commends it as essential reading for policy makers anxious to ensure that this bounty would be a blessing and not a curse. The strategies and experiences presented in the selected country-specific models treated in the book offer critical lessons for prudent management. Prof. Appiah-Adu has through the championing of this important publication demonstrated deep appreciation of the ingredients for successful management of an emerging petroleum economy. This could only have emanated from one such as he who has been at the fire-side.' Mary Chinery-Hesse, Member of the African Union Panel of the Wise, and Former Deputy Director-General of the International Labour Organisation 'The book is a must read. It is timely and relevant because it allows readers to have the knowledge of how Ghana and other new oil producers in Africa should properly manage their new found oil wealth. Prof. Appiah-Adu and the team of contributors have provided not only insight but solutions based on their research of how Norway and other model countries have done it.' Joyce R. Aryee, Chief Executive Officer, Ghana Chamber of Mines, 2001-2011 'This work comes in handy as a valid contribution to the quest for prudent management of our petroleum resources. Ably edited by Prof. Appiah-Adu, with contributions from experts in the field, here is a book that puts effective management of Ghana's petroleum resources, in view of her development, in the forefront and holds the leadership of the country accountable to management standards that are key to the effective utilisation of our natural resources, particularly that of petroleum, for the nation's development.' Emmanuel K. Asante, Presiding Bishop of the Methodist Church, Chairman of the Christian Council, and Chairman of the National Peace Council, Ghana '[the editor] has done an excellent job in assembling contributors from a wide range of fields and with different experiences in the various sectors of the oil industry...this book is highly informative. It provides a one-stop shop account of some of the key issues relating to the governance of Ghana's young oil industry. All the authors deserve commendation, but most of the applause should go to the editor for taking the initiative to assemble their individual efforts and the courage to edit a book about a topic that is currently at an embryonic stage.' Franklin Obeng-Odoom, University of Sydney, Australia
