The discovery of oil and gas culminated in heightened expectations for Ghanaians and local businesses. However, doing business in the upstream petroleum industry is highly capital intensive, and the requirements are equally high and stringent. It is a known fact that majority of the existing companies are start-up organisations and doing business in the upstream sector is a challenging situation for such companies, especially, where there is no clear-cut policy in support of start-ups, access to finance is costly, and there is apathy for doing business with start-ups.
This session seeks to explore the challenges faced by start-ups in setting up businesses in oil and gas industry and the strategies to adopt to ensure their sustainability in the industry.
