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Investing in Ghana's Petroleum service sector


In June and September 2007, a consortium of companies comprising Kosmos Energy Ghana (Kosmos), Tullow Ghana Limited (Tullow), Anardarko Petroleum Corporation, Sabre Oil and Gas Limited, E.O. Group in conjunction with the GNPC announced discoveries of significant quantities of oil and gas in the offshore deepwater Tano/Cape Three Points basins located in the southernmost part of Ghana..

Under this circumstance, the Petroleum Law required that the discovered oil and gas resources in the two blocks be produced as one unit to reduce cost and optimize the recovery of oil and gas in the field. The two discovered fields were therefore unitized and designated as the Jubilee Field, in commemoration of Ghana’s Jubilee Year celebration.


  1. Production & Liftings: 161.9mmbbls produced over 5 years with average daily production above 100,000bopd since 2013
  2. Reserves
  • Total proven oil & gas reserves as at December, 2015 of 1,247.5MMboe
  • Ghana has over 36,000 km2 and 103,600km2 of open offshore and onshore acreages
  1. Development
  • One more development field in production - first oil for the TEN field came on stream in third quarter 2016 (301MMboe)
  • One major field at the development stage - Sankofa-Gye-Nyame field is about 32% complete as at 31st January, 2016 (347MMboe)
  1. Gas
  • Gas transportation infrastructure and processing plant in place for Jubilee gas
  • Sankofa gas is the game changer for the industry with over 1 trillion cubic feet of NAG
  1. Agreements

15 Petroleum Agreements (PA's) currently in operation and about eight (8) new agreements under negotiation

  1. Transparency
  • Ghana has been EITI compliant since 2010
  • GNPC reports to the Public Interest and Accountability Committee (PIAC)
Source: GNPC

 Key Petroleum Projects


  • Average daily oil production over 100,000 bopd since 2013
  • Average daily associated gas production of 119.7MMScf/d since inception
  • Total gas export of 26.1MMScf for domestic power production
  • Recoverable reserves of 466 million barrels and 465 billion cubic feet (bcf) of gas as at December, 2015 

Tweneboa-Enyenra-Ntomme (TEN) Fields

  • Four (4) declared hydrocarbon discoveries (2009-2011)
  • Total of 12 wells drilled: 2 exploratory and 10 appraisal wells
  • Ten (10) separate hydrocarbon pools: five (5) oil and five (5) gas condensate
  • Total oil reserves: 239 million barrels (MMBO) and 360 billion cubic feet (BCF) of gas
  • First oil in Q3 2016
  • Peak oil production: 76,000bopd 

OCTP - Sankofa-Gye Nyame (Integrated oil & gas development with 2 phases)

  • Phase-1 Oil

8 oil producers; 3 water injectors; 3 gas injectors; spread-moored FPSO; Subsea tie-back in a daisy chain

  • Phase-2 development of NAG with oil

5 gas producers (4 Sankofa main + 1 Gye-Nyame)

Onshore Receiving Facility (ORF) at Sanzule

63km - 22" OD Gas export pipeline

  • Reserves

162 MMBO of oil with 1,071bcf of gas

  • Current project status: FEED work on gas export sealine and ORF completed; Three development wells drilled to completion; Overall project progress of 32% achieved as at end of January, 2016

 Voltaian Basin Project (VBP)

  • The Voltaian Basin is a huge inland sedimentary basin constituting almost 40% of Ghana's land mass
  • GNPC is pioneering exploration activities in the inland Voltaian basin under its 5-year initial exploration programme from 2015 - 2019
  • The 5-year reconnaissance program will cover 2D seismic data acquisition and processing, environmental impact assessment, community relations management and drilling of 2 conventional wells
Source: GNPC 


The Western Corridor Gas Infrastructure Development project, which will integrate offshore and onshore elements, is being developed in several phases, to evacuate and process gas from the Jubilee offshore gas field and recently discovered offshore fields in Ghana. The project will eliminate the current practice of flaring and reinjection of gas into the reservoirs.

Completion of commissioning activities for the first phase of the project, dubbed as the Ghana Early Phase Gas Infrastructure Development Project, was completed in April 2015. Front end engineering and design (FEED) for phase two started in June 2015.

Phase one primarily entailed the construction of an offshore raw natural gas pipeline, an onshore natural gas pipeline, processing plant and a processed (lean) natural gas pipeline, as well as an office complex.

Phase two is being developed to enable the export of natural gas liquids (NGL) and condensates using offshore facilities, providing a safer alternative to the current use of existing road tankers.


Energy in Ghana