The Ghana National Petroleum Corporation (GNPC) is preparing to drill its first exploration well in the Voltaian Basin by the end of 2026, as it advances efforts to assess the area’s hydrocarbon potential. Chief Executive Officer of GNPC, Kwame Ntow Amoah, said years of geological and geophysical studies had brought the project to the drilling […]
Ghana has secured about US$2 billion in additional investments from partners in the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) oil fields to boost production following the extension of the respective petroleum agreements to the end of 2040. Ms Emeafa Hardcastle, the Chief Executive Officer of the Petroleum Commission, announced this at the 12th edition of the Commission’s […]
Jubilee and ENI partners have announced investments totalling $3.5 billion in Ghana’s oil sector, Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has said. Speaking on Joy News’ PM Express Business Edition on Thursday, he highlighted the commitments as evidence of activity in the sector. He also pointed to interest from other international oil […]
Ghana’s oil and gas story is about to gain a new chapter — and this one is being written onshore. For decades, the country’s hydrocarbon wealth has been synonymous with offshore fields like Jubilee and TEN. Now, GNPC Explorco, the exploration arm of the Ghana National Petroleum Corporation, is turning attention inland, to a basin that has sat untouched since 1974: the Voltaian.
Ghana earned $355.5 million from crude oil lifts in the first half of 2026, representing a 63 per cent increase over the same period in 2025.
Daily oil production at Ghana’s Jubilee field has climbed to about 95,000 barrels, up from a projected 68,000 barrels, after four new wells were drilled this year, according to the mid-year fiscal review Finance Minister Dr. Cassiel Ato Forson presented to Parliament on Thursday.
Ghana has begun processing its own Jubilee crude oil domestically for the first time, as one million barrels arrived at the Sentuo Oil Refinery in Tema.
First half production from the country’s three main oilfields has declined by 13.2 per cent to 22.45 million barrels (bbls) from 25.86 bbls in the same period last year.