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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
