Accra, Ghana
Ghana poised for short and medium-term oil boosts
New wells at the Jubilee field will lift output in 2023, while the Pecan field offers longer-term prospects if development can be progressed
Ghana’s oil production is set to rebound in the second half of this year, but the country’s hopes for a broader and slightly longer-term revival in its upstream depend on the previously stalled offshore Pecan development. The developers of Ghana’s flagship Jubilee oilfield recently completed works to raise output. Anglo-Irish independent Tullow—the field’s operator—and the New York- and London-listed independent Kosmos Energy confirmed that two fresh production wells have been brought online as part of the Jubilee Southeast (JSE) project, boosting Jubilee’s total production “to over 100,000b/d”. Another two wells are on pace to start operations later this year, “which should further enhance
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
