Ghana: Deputy Energy Minister Hopes Oil Production Will Hit 500,000bpd In Six Years’ Time

Ghana’s Deputy Minister for Energy in charge of Petroleum, Dr Mohammed Amin Adam is confident that the West African nation’s energy sector is on the brink of expanding its oil production from 180,000–-200,000bl/d now to 500,000bl/d within six years.

Additionally, the country is targeting up to 1mn bl/d beyond that.

“If we want to sustain or increase production, we will have to be very aggressive in exploration,” Dr Amin Adam said this at the 3rd Africa Oil &Gas Local Content Sustainability Conference in Accra.

The average production for TEN field in 2017 was 56,000 b/d while production for the OCTP field is expected to peak this year at 45,000 b/d.

In addition to the two established fields, there are other developments that are moving ahead rapidly such as the Teak, Akasa and Mahogany East discoveries where test wells have indicated sizeable reserves.

Another major scheme is the Ghana 1000, a multi-phase greenfield gas-to-power project located near Takoradi in the Western Region of Ghana.

This will consist of approximately 1,300MW of combined cycle power generation technology once fully built and will support Ghana’s burgeoning domestic natural gas industry by purchasing natural gas from the Sankofa gas field, part of the OCTP field.

A subsea pipeline will link a Floating Storage and Regasification Unit (FSRU) to onshore facilities which will then supply the project.

It is expected that the FSRU will start in 2020.

Ghana completed its first oil and gas licensing round earlier this year with two of the five blocks on offer being awarded.

First Exploration and Petroleum Development, in partnership with Elandel Energy (Ghana), emerged as winners of block WB-02 while Eni Ghana and Vitol Upstream Tano claimed block WB-03.

Block WB-03 is located in the medium deep waters of the prolific Tano Basin, offshore Ghana. Following the success of this round, a second licensing round is being planned.