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
13 February 2025
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
12 February 2025
The oilfield expansion provides a fresh influx of revenue but will strain its cooperation with OPEC+ and fails to mask deeper issues with the economy and investors
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill