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.
’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 transc