Ghana's prospects brighten
After some offshore problems, the country’s upstream should see significant growth in the coming months
ONE of the few West African countries that will increase oil output capacity over coming months may even sanction a new development. But Ghana's reserve expansion is muted, while a fall in government revenues is affecting the economy. Observers say the country's oil sector is in limbo while exploration budgets remain tight, though an uptick in activity would rekindle hopes of repeating Tullow Oil's headline-grabbing Jubilee field discovery in 2007. In 2015, Ghana produced 102,000 barrels a day of oil from Jubilee - until later this year, the country's only major operational field - and 120m cubic feet a day, all used to provide power domestically. "Ghana is looking for the next big discove
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