- Published: Tuesday, 25 October 2016 10:40
- Sourced by SolutionsTeam
Ghana’s oil output has been boosted with the start of production from the Tweneboa, Enyenra & Ntomme (TEN) project in August. The oilfield, which is expected to peak at about 80,000 bpd in 2018 has produced its first barrel, and is expected to maintain a steady flow of about 20,000 bpd in 2016.
We believe this has increased Ghana’s average oil output to over 100,000 bpd in 2016, considering ongoing challenges at the Jubilee oil field, which is yet to resume 2015 peak level production of 115,000 bpd. Based on existing fields and field development plans Ghana crude oil output is estimated to be over 240,000 bpd by 2019. This could potentially make Ghana the fourth largest oil producer in sub-Saharan Africa by 2020, based on existing fields and planned field development in the top ten oil producing countries in the region.