French firms explore opportunities in Ghana’s oil and gas

Ghana drilling with flag31 October 2013, Accra – A French Oil and Gas Industry Trade Mission is in Accra to explore the possibility of investing in Ghana’s oil and gas sector.

GEP-AFTP, the French Oil and Gas Suppliers Council, led by the Business Development Manager, Claude Bouty, on Monday called on the Minister for Energy and Petroleum, Hon. Emmanuel Armah-Kofi Buah, at the Ministry.

The delegation was accompanied by Madam Cecile Vignaud, Deputy French Ambassador Ghana.

Mr. Bouty said they are in the country to explore business opportunities in the country, particularly in the oil and gas sector.

According to him, Ghana continues to attract more companies due to its political stability, stating that they will engage with their Ghanaian counterparts to look at investment opportunities.

He said the GEP-AFTP represents the interests of about 180 suppliers of equipment and services to the international oil and gas industry which have a significant activity in France.

Hon. Buah, for his part, said Ghana’s relationship with France has been solid and is growing stronger, adding that the record of French companies operating in Ghana is something to be proud of.

He said the government of Ghana is bent on ensuring transparency in the oil and gas sector and has passed laws to guide operations in the industry.

“We are fully committed to the ideals of the Extractive Industries Transparency Initiative (EITI)”, he said.

The Minister further stated that the country is taking seriously its local content policies and is making sure that Ghanaians and Ghanaian companies are empowered through capacity development and skills and technology transfer.

He welcomed the delegation and encouraged them to explore business opportunities, adding that ‘we shall work together to ensure shared value’.

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