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Ghana: Jubilee field production to exceed 90,000 by December
ACCRA, Oct. 8 (Xinhua) — Ghana’s Jubilee oil field production is expected to exceed 90,000 barrels per day (bpd) by December this year, a senior official of the Ghana National Petroleum Corporation (GNPC) told Xinhua on Monday. The GNPC Director of Operations, Thomas Manu, confirmed that production had increased from…
Ghana: Oil production increases
Ghana’s oil production has increased from 66,000 barrels a day to 86,000 barrels a day, the Operations Manager of the Jubilee partners, Mr Robert Gettka, has announced. The increase has partly been attributed to the successful oxidation exercise which was carried out to boost production. Oxidation in oil production is…
Independent explorers set to continue leading oil frontier charge: analyst
London (Platts) –Independent oil and gas companies will lead the charge in exploring new frontier basins in the future, having already outpaced the majors over the past five years in terms of exploration success, a senior analyst at UK-based consultants Wood Mackenzie said Wednesday. Speaking at a conference in London,…
PetroSA acquires stake in Ghana’s Jubilee oil field
By Megan Wait, EngineeringNews – South Africa’s national oil company PetroSA has purchased Sabre Oil and Gas Holdings for an undisclosed amount, giving the company a stake in Ghana’s offshore Jubilee field, which was discovered in 2007 and began producing in 2010. PetroSA also bought out Sabre’s interest in the…
Eni makes first big oil discovery in Ghana
Reteurs, Milan: Italian energy group Eni, Africa’s biggest foreign oil and gas producer, and partner oil trader Vitol said they had made their first important oil discovery offshore Ghana where they operate two blocks. During production tests, the well produced about 5,000 high quality barrels of oil per day although…
Ghana’s Oil Wealth Not Reaching Poor
ACCRA, Laura Burke, VOA — Two years after oil began flowing in Ghana, ordinary Ghanaians are wondering where the oil money is going. The government says there has not been much oil revenue coming in thus far, and analysts say the money that is coming in is not reaching the poor.…
