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Ghana's oil production outlook hangs in the balance

FITCH Solutions expect Ghana’s total liquids production to see moderate growth in the near term, with crude, NGL and other liquids production increasing from 142,440 barrels per day in 2022 to 145,390b/d in 2024 following recent investments in the Jubilee and TEN fields by Tullow Oil.
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Capex spending to support Ghana's oil output, but headwinds remain – Fitch | Comprehensive Ghana Oil and Gas news, information, updates, analysis

SOURCE: Ghana Web | Editor CATEGORY: Our near-term outlook for Ghana’s oil production is brightened, as targeted investment is set to rise by 50% in 2021 for the Jubilee and TEN fields. Tullow Oil – operator of Ghana’s two largest fields, TEN and Jubilee – recently announced net capex spending on their Ghanaian assets will increase to US$180 million in 2021, from just US$120 million in 2020. This includes plans for a multi-well drilling campaign, expected to begin in Q221. Since TEN...
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