Ghana oil and gas news

Here are some recent news articles and updates on the oil and gas industry in Ghana:

Recent Developments

  1. Ghana's Oil Production Hits 200,000 Barrels Per Day: Ghana's oil production has reached 200,000 barrels per day, according to the Ghana National Petroleum Corporation (GNPC). This is a significant increase from the 150,000 barrels per day produced in 2020. (Source: Ghana Business News)
  2. Tullow Oil to Sell Stake in Ghanaian Assets: Tullow Oil has agreed to sell a 40% stake in its Ghanaian assets to Aker Energy and its partner, Energy Capital Partners. The deal is valued at $400 million and is expected to close in the second half of 2023. (Source: Offshore Magazine)
  3. Ghana to Increase Oil Production by 50%: Ghana plans to increase its oil production by 50% by 2025, according to the country's Minister of Energy, Matthew Opoku Prempeh. The increase is expected to come from new discoveries and the development of existing fields. (Source: African Energy Chamber)

Upcoming Projects

  1. Aker Energy's Pecan Field to Start Production in 2024: Aker Energy's Pecan field, located offshore Ghana, is expected to start production in 2024. The field is expected to produce 110,000 barrels of oil per day. (Source: Offshore Magazine)
  2. Ghana to Develop New Oil Fields: Ghana plans to develop new oil fields in the coming years, including the Sankofa Gye-Nyame and the Tweneboa-Enyenra-Ntomme (TEN) fields. The projects are expected to increase the country's oil production by 50%. (Source: African Energy Chamber)
  3. Ghana to Build New Oil Refinery: Ghana plans to build a new oil refinery to reduce its dependence on imported refined petroleum products. The refinery is expected to be located in the Western Region and will have a capacity of 100,000 barrels per day. (Source: Ghana Business News)

Challenges and Concerns

  1. Ghana's Oil Industry Faces Challenges: Ghana's oil industry is facing challenges, including declining oil prices, high production costs, and environmental concerns. The country's oil production has also been affected by the COVID-19 pandemic. (Source: African Energy Chamber)
  2. Ghana to Increase Environmental Regulations: Ghana is planning to increase its environmental regulations to reduce the impact of oil production on the environment. The country has also established a new environmental agency to oversee the oil and gas industry. (Source: Ghana Business News)
  3. Ghana to Increase Local Content: Ghana is planning to increase local content in the oil and gas industry to benefit local businesses and communities. The country has set a target of 70% local content by 2025. (Source: African Energy Chamber)

I hope this information is helpful!