• frequently asked questions of oil press in Ghana
  • frequently asked questions of oil press in Ghana
  • frequently asked questions of oil press in Ghana
  • frequently asked questions of oil press in Ghana
  • Is Petro-Leum a blessing for the Ghanaian people?
  • However, it is the Government of Ghana’s responsibility to ensure that the oil revenue is spend in the best possible way and under the most transparent and democratic conditions to make petro-leum a blessing for the Ghanaian people. Africa Business Source (2009): New Alpha Refinery (Ghana) Ltd to Build Largest Oil Refinery in West Africa.
  • What are the basic facts about Ghana's emerging oil industry?
  • But the participants in the discussion often lack basic information. This overview provides the basic facts on Ghana’s emerging oil industry. 2. Technical Facts 2.1 Where is the Oil?
  • The Jubilee field is located in the Gulf of Guinea, 60 km off the Ghanaian coast, near the Côte d’Ivoire border (see Image 1).
  • How much oil will be recovered in Ghana?
  • This makes a huge difference, as only 30-50% of a total field amount will be recovered. In their status report 2008, the state owned Ghana National Petroleum Company (GNPC) published figures stating that 800 mil-lion barrels of oil is the total field amount, with an upside potential of 3 billion barrels of oil [GNPC, 2008].
  • Is gas flaring allowed in Ghana?
  • Constant gas flaring is forbidden in Ghana. All 17 wells will be connected to the Floating, Production, Storage and Offloading (FPSO) Kwame Nkrumah vessel (see Image 2).On the FPSO a daily maximum of 120,000 barrels of crude oil will be separated from gas and water.
  • What is the future of oil in Ghana?
  • The future of oil in Ghana is extremely hard to forecast. On the one hand the government tries to show good will in implementing useful measures to control the oil industry. On the other hand, there is much insecurity about the reliability of the involved companies and es-pecially about the amount of the revenue.
  • What are the main export products of Ghana?
  • The main export products are gold and cocoa [CIA World Factbook, 2011]. In 2004 the country sold licences for offshore oil exploration and production (so called blocks) to different international companies. In July 2007, Tullow Oil and Kosmos Energy dis-covered oil in commercial quantities in the western region of Ghana.