Statement of Purpose for Oil and Gas Managaement

Topics: Development, Africa, Petroleum Pages: 3 (974 words) Published: March 24, 2012
Recent discoveries of oil and gas deposits in some African countries, such as Ghana, Ethiopia, Sierra Leone, Uganda etc. present new opportunities to chart a sustainable growth and development path that facilitates poverty reduction. Ghana’s offshore Jubilee field, situated approximately 60 kilometers from the mainland is estimated to have oil reserves of 108 billion barrels as well as significant gas deposits. Ghana’s Jubilee field, which began official commercial production in mid-December 2010, is initially expected to produce 55,000 barrels of oil per day with output set to rise to 120,000 barrels per day over the next six months The newly discovered natural resources and the associated windfalls are expected to be used to deliver substantial social, economic and infrastructure improvements in these African countries. The masses of unemployed youth are looking forward to new jobs; local fishermen fear losing their livelihoods while others are anticipating increased national prosperity and a possible end to donor dependence and conditionality.

However, many countries have failed to leverage their natural resource wealth to build strong and stable states with sustained long term economic growth. For some of these countries (for example Nigeria),oil, gas and mineral wealth have instead become associated with high poverty rates, weak state institutions, corruption and conflict.

There is therefore the need to have a broader ‘understanding of the processes, drivers, threats and opportunities related to the management of the energy and hydrocarbon industry in the 21st century’ and to effectively manage our oil and gas resources for the general good. It is in a quest to have this expertise that I am applying to study for the MSc. Oil and Gas Management Programme which I believe will equip me with the expertise required for leadership and management in the World’s fastest growing and dynamic sector. After a...
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