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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.
The Tweneboa Enyenra Ntomme Oil Field began oil production on August 18, 2016. The official ceremony to start production was performed by John Dramani Mahama, the President of Ghana at the time, when he opened the production valve on the Floating Production Storage and Offloading Vessel FPSO John Evans Atta Mills. [5]
The RFCC was to convert the low valued residual fuel oil from the CDU into high valued products of LPG and gasoline. Ghana started commercial production of crude oil in December, 2010. The country's Jubilee oil field produces the high grade 'Sweet Light' oil. The installation processes 9,548 tonnes (10,525 tons) of crude oil daily.
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.
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 ...
The oil field is located 65 miles (105 km) west of Ghana's capital, Accra, in the Central region of Ghana. It is located about 13 kilometres (8.1 mi) off the coast of Saltpond in the northern-central area of the Takoradi Arch, in water depth of 80 feet (24 m). [1] It extends over an area of 5 square kilometres (1.9 sq mi). [3]