Our local oil and gas industry is facing many technical challenges, pushing both local and international companies to seek solutions from distant shores.
Cumulatively, the oil and gas industry has directly contributed over USD 8 billion to the Ghanaian economy since its inception, establishing itself as one of the highest contributors to the country’s GDP. Local content and local participation in the oil and gas industry is one of the topmost priorities of Ghana as the country strives to take full advantage of its resources. However, after more than 15 years of oil and gas exploitation, Ghana has achieved little in terms of advancing R&D in the sector, providing R&D services and retaining R&D related contracts. The oil and gas industry still imports most of the technical materials, chemicals and agents used in its operations and outsources almost all its R&D tasks to companies and institutions outside the country.
To address this challenge, the government of Ghana has invested about USD 12.9 Million to build and equip Petroleum Research Laboratories in the Department of Petroleum Engineering and the Chemical Engineering Department at KNUST. Additionally, for the past four years, GNPC has invested USD 1 million to further equip the laboratories and establish a robust research program in the Department. Through the World Bank Oil and Gas Capacity Building Project, KNUST has trained highly skilled researchers with capabilities spanning almost the entire petroleum value chain.
The Department of Petroleum Engineering has established PREL to operationalise these ultra-modern facilities and capabilities to provide cutting-edge R&D solutions to the Ghanaian oil and gas industry to boost local content and retain R&D contracts and jobs in the country.