On Friday, 8th September 2023, the President of Ghana, Nana Akufo-Addo and industry players were on board the FPSO Kwame Nkrumah to turn on the valve to commemorate the pouring of the first oil from the Jubilee South-East project area. The Jubilee South-East project which is a joint partnership between six companies—Tullow Oil (38.978%), Kosmos […]
Ghana’s oil production declined by 6% in 2022; New upstream investment and development expected to increase future oil production
Ghana’s oil production declined by 6% in 2022; New upstream investment and development expected to increase future oil production Ghana’s crude oil production has been on a successive decline since the country recorded its highest oil production of 72.1 million barrels (bbls) in 2019. Recent data on upstream oil production volumes from the Petroleum Commission […]
Ghana to record a further decline in oil production at the end of the Year; Oil price hikes to provide a windfall gain
Ghana to record a further decline in oil production at the end of the Year; Oil price hikes to provide a windfall gain Ghana’s oil production from the three oil fields (Jubliee, Sankofa Gye Nyame (SGN) and Tweneboa Enyenra Ntomme (TEN)) have been on a decline since 2020 after recording its highest annual production of […]