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Ghana Overview

Ghana

in figures

Oil reserves681 million barrels

Oil production199,000 bopd

Gas reserves55 bcm

Annual gas production1.09 bcm

Ghana: An Attractive Climate

After more than a century of unsuccessful oil exploration, Ghana was catapulted into the world of oil exporting economies with the 2007 discovery of the Jubilee field. It started producing oil in 2010, a mere 40 months after discovery, and remains the only major deepwater field in the country.

Putting Jubilee together with  the development of major new fields at Tweneboa, Enyenra and Ntomme – as well as Eni’s Sankofa, which came on line in May 2017 – the country has become one of sub-Saharan Africa’s largest producers.

Ghanaian oil production is opening up new opportunities for local companies while spurring the government to invest in new infrastructure and set out new regulations, promotions and incentives. Having also discovered substantial reserves of natural gas, the country is implementing an aggressive plan for gas utilisation with financing from China. Ghana sees natural gas as a stable power supply and cheap energy for growing domestic industry.

The Oil & Gas Year Ghana 2019 is published in collaboration with Ghana Oil Club. This third edition covers the lessons learned from the global oil price downturn and the opportunities that are becoming available as commodity prices recover. The book also provides readers with a complete perspective of the country’s main energy projects and steps the government is taking to draw in more foreign investment.

The Energy Year Ghana 2021 is currently in production.

Occidental divests Ghana fields for $750 million
NEWS
Ghana - October 14, 2021

Occidental Petroleum has agreed to sell its stake in two offshore fields in Ghana for USD 750 million, the American E&P…

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Interview
Ghana - October 14, 2021

Alvin Mingle, senior managing partner of Fitzgerald-Bassey, and Kwabena Peprah, the firm’s managing partner, talk to The…

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Ghana books

More books
Farid ANTAR Republic Bank Ghana
Interview
Ghana - October 04, 2021

Farid Antar, managing director of Republic Bank (Ghana), talks to The Energy Year about how the Ghanaian economy has gained…

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Alberto MENDES Co-President GRUPO SIMPLES
Interview
Angola - September 28, 2021

Alberto Mendes, co-president of Grupo Simples, talks to The Energy Year about the future of Angola’s oil and gas industry and…

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Ghana Exploration and Production Licences 2020

Ghana maps

Ghana Exploration and Production Licences 2020

ALL MAPS
Interview
Ghana - September 21, 2021

Joseph Amuzu, CEO of Zodiac Marine Services, talks to The Energy Year about the company’s activities and plans for capacity…

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Iroghama OGBEIFUN Starzs Nigeria
Interview
Nigeria - September 14, 2021

Iroghama Ogbeifun, managing director and CEO of Starzs Investments Company, talks to The Energy Year about challenges facing…

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Interview
Nigeria - August 25, 2021

Eke U. Eke, CEO of SpringRock Group, talks to The Energy Year about the group’s approach to cost reduction and optimising production and its plan to become a…

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Alan GLYN-CUTHBERT General Manager PETROWORK SOLUTION
Interview
Angola - August 23, 2021

Alan Glyn-Cuthbert, general manager of Petrowork Solution, talks to The Energy Year about how the Local Content Law can support growth in the domestic oil and gas…

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Philip Tieku Star oil Ghana
Interview
Ghana - August 12, 2021

Philip Tieku, CEO of Star Oil Company, talks to The Energy Year about challenges in Ghana’s hydrocarbons retail sector and strategies the company has formed to raise…

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