A recent Oil and Gas Industry Analysis Survey by Deloitte Ghana has identified political interference and poor transparency as the most significant obstacles to oil exploration in Ghana, according to 45% of stakeholders in the upstream petroleum sector. <\/p>\n This report comes amidst a decline in exploration activities since 2018.<\/p>\n Despite these challenges, 73% of respondents view deep water basins as the most promising areas for future exploration. <\/p>\n The survey, commissioned by the Petroleum Commission and conducted by Deloitte, was presented at the ongoing Petroleum Commission LCCE Conference in Takoradi, Western Region.<\/p>\n Led by Yaw Appiah Lartey, Partner, Financial Advisory at Deloitte, the survey was divided into three sections: Financing and Investing in Oil and Gas, Regulatory Landscape for Doing Business, and Sustainability Considerations.<\/p>\n The survey highlighted the importance of establishing joint ventures for exploration projects, fostering collaboration between the government, international oil companies (IOCs), and indigenous Ghanaian companies.<\/p>\n Regarding financing and investing, 40% of respondents suggested that a collaboration between local and regional players will enhance financing in the oil and gas sector. <\/p>\n Additionally, 60% think that indigenous Exploration and Production (E&P) companies can secure funding from local capital markets and commercial banks. <\/p>\n About 38% of respondents suggest that the government could support independent oil and gas companies by offering tax exemptions.<\/p>\n The survey included top-level management, with 83% of respondents being Chief Executive Officers, Managing Directors, Chief Operating Officers, and General Managers.<\/p>\n ID\/AE<\/p>\n Watch the latest edition of BizHeadlines below:<\/b><\/p>\n![\"The](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/599\/59997112.295.jpg\" "\\"The")
The report was put together by Deloitte Ghana<\/span><\/span><\/p>\n<\/div>\n