Ghana

New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.

The objective behind Ghana's local content requirement is to ensure the involvement of Ghana's industry, including its national oil company, in the development of the exploration, production, and decommissioning value and supply chain.

The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.

The resignations come as the company makes downward revisions to its production guidance after a disappointing performance from its TEN and Jubilee fields offshore Ghana.

With a $100-million investment and submittal of its offshore Pecan field development plan to Ghana authorities, Aker Energy continues its positioning for an IPO later this year.

If sanctioned and developed, the deepwater Pecan field would be Ghana’s fourth producing offshore field. First oil is expected 35 months after sanction, which could come as early as this year.

The object behind Ghana's local content requirement is to ensure the involvement of Ghana's own industry, including its national oil company, in the development of the exploration, production, and decommissioning value and supply chain.

The construction of an LNG regasification terminal in Tema, Ghana, in addition to the first delivery of gas from the offshore Sankofa field in August, is decreasing the country’s reliance on liquid fuels and imports. About 80% of its power generation requirements will be met with gas.

Ghana’s fishers and coastal communities have raised concerns over the effects of offshore oil exploration and production relating to the giant Jubilee field. This paper describes the process and results of the multistakeholder approach to solving marine-zone conflicts.