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Ghana's Jubilee Oilfield which contains up to 3 billion barrels (480,000,000 m 3) of sweet crude oil was discovered in 2007, among the many other oilfields in Ghana. [2] Oil and gas exploration in Ghana is ongoing, and the amount of both crude oil and natural gas continues to increase.
Ghana, the world's second biggest cocoa producer, became an oil producer in 2010. Output is currently around 132,000 bpd of crude oil and about 325 million standard cubic feet per day of natural gas.
The oil firm blamed the decline on "sand contamination of the flowlines that carry the oil from the underwater wells" to the storage facility on the surface. [3] The field produced 75,000 barrels per day (11,900 m 3 /d) in 2021. [4] Tullow Oil's Jubilee Oil Field production decreased to 89,000 bpd by October 2024, from over 90,000 bpd in July.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on top of distribution costs and taxes. Motorists in Europe see far smaller fluctuations because taxes ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
In 2021, its production stood at some 150,000 barrels of oil per day (bopd). [52] Since production began in 2010 Ghana has rose to be the 34th largest national producer of oil. [53] In 2021 Ghana exported more than 71mil barrels of oil. [54] China was the largest importer of Ghana oil, receiving over 41% of exports with South Africa, the second ...
In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government ...