• 8ton per day oil press oil production line oil in Ghana
  • 8ton per day oil press oil production line oil in Ghana
  • 8ton per day oil press oil production line oil in Ghana
  • 8ton per day oil press oil production line oil in Ghana
  • How much oil does Ghana produce a day?
  • According to a 2016 US Energy Information Administration estimate, Ghana boasts crude oil reserves of 660m barrels. As of April 2023 production stood at 175,000 barrels per day (bpd), making it the continent’s ninth-largest producer.
  • Why is Ghana a key player in West Africa's energy landscape?
  • Following the discovery of commercial oil reserves in 2007, Ghana’s oil and gas sector has emerged as a significant player in West Africa’s energy landscape. The offshore Jubilee Field, which lies 60 km from the mouth of the Tano River, was the country’s first move into oil production.
  • How much does upstream oil and gas contribute to Ghana's GDP?
  • According to the MoF, upstream oil and gas activities contributed approximately 3.7% to the country’s GDP in 2020, contracting by 4.6% at constant 2013 prices. In June 2023 the Petroleum Commission reported that 3759 Ghanaians were employed in the upstream petroleum industry.
  • Why is oil & gas consumption growing in Ghana?
  • On a domestic and regional level, oil and gas consumption is projected to grow in tandem with economic expansion and population growth. Infrastructure development is expected to support continued demand for oil- and natural gas-based products, even as Ghana’s transition to renewable energy sources such as solar and hydropower accelerates.
  • Where is crude oil sourced in Ghana?
  • Crude oil is sourced from the country’s three offshore fields: Jubilee, TEN and SGN. In the first half of 2023 the Jubilee field accounted for 58.4% of Ghana’s total output of 22.5m bpd, at around 13.1m bpd, while SGN and TEN contributed 25.4%, or 5.7m bpd, and 16.2%, or 3.6m bpd, respectively.
  • Why does Ghana have a large energy supply?
  • This expansion occurred primarily as the result of an increase in crude oil production, which grew from 2.3m GWh to 93.3m GWh over the same period. Ghana’s total energy supply experienced a 3.3% annual growth rate between 2000 and 2021 to reach 143.5m GWh in 2022. Before 2012 the largest portion of the total energy supply was provided by biomass.