How did Ghana become a full-blown oil & gas producer?
Ghana became a full-blown commercial oil and gas producer with the discovery of the offshore Jubilee field - estimated to hold 700 million barrels of oil (MMbbl) and 800 billion cubic feet (Bcf) of gas. Development of the production site started right away and in December 2010 oil production was officially launched.
When did Ghana start producing oil?
Since the Jubilee field reached first oil in 2010, there have been the development of two subsequent new offshore projects in Ghana. Production of the the first project, the Twenneboa, Enyenra, and Ntomme (TEN) fields, with an estimated 240 MMbbl and 396 Bcf of gas, started in August 2016.
How much oil does Ghana produce a day?
Due to ongoing developments in offshore resources, Ghana’s Ministry of Energy expects production to reach 500,000 barrels per day by 2024. One of the main oil discoveries in the country between 2019 and 2021 was the Eban oil field, with estimated resources of 180 million barrels of oil equivalent.
How is Ghana’s Oil and gas industry doing?
Energy minister John Peter Amewu is optimistic about the country’s trajectory, telling a conference in May: “Ghana’s oil and gas industry has grown in size and in activity from a long period of zero rig to four rigs working at the same time to determine the potential of our basins.