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 […]
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.
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.
Ghana’s oil production will grow slightly in the near term, with crude oil and other liquids production increasing from 142,440 barrels per day in 2022 to 145,390, Fitch Solutions has disclosed