- Ghana discovered her first large-scale, commercially viable oil field in 2007. The first commercial production is slated to commence during the last quarter of the year - 2010. Since the discovery, major players such as Petrochina and Exxon have been trying to acquire an interest in the country.
- The US geological survey estimates that the "Gulf of Guinea Province" which lies partly in Ghana's waters, contains 4,071 MMBO, 34,451 BCFG, and 1,145 MMBNGL
- Five (5) sedimentary basins have been identified in the country. These are:
- The inland Voltaian basin
- Offshore Accra-Keta basin with an onshore extension
- Offshore Saltpond (Central) Basin
- Offshore Tano basin with an onshore extension
- Offshore Cape Three points (this is sometimes considered as part of the Tano basin)
|Saltpond||Saltpond||1970||Oil & Gas|
|Cape Three Points||Cape Three Points||1973||Gas|
|South Tano||Tano||1978||Oil & Gas|
- In June 2007, the Kosmos Energy team discovered the Jubilee Oil Field following the drilling of the Mahogany-1 exploration well in Ghana’s deep waters. This is possibly one of the largest oil finds in the last decade offshore West Africa. With this discovery, Ghana went from being a country without oil, to potentially becoming a major player.
- The estimated resource range for the Jubilee Oil Field, is now estimated to be between 600 million barrels of oil equivalent (BOE) and 1.5 billion BOE.
- Chinese companies have been actively seeking opportunities and signed an agreement with the Ghanaian Government in September 2010
- Twelve (12) acreages were awarded to ten (10) oil and gas companies between 2002 and 2008. Most of the Agreements are running on schedule.
- The Agreements are identified below by their operators as follows:
- Kosmos Energy Ghana HC (Kosmos), over the Deepwater West Cape Three Points block;
- Tullow Ghana Limited (Tullow), over the Shallow Water Tano Fields including the discovered North and South Tano Fields; and the West Tano Heavy Oil discovery;
- Tullow Ghana Limited, over the Deepwater Tano Basin;
- Vitol Upstream Ghana Limited (Vitol - formerly Heliconia Energy Ghana Limited), over the Offshore Cape Three Points area, east of the Kosmos acreage;
- Vitol Upstream Ghana Limited (formerly Heliconia Energy Ghana Limited), over the South Cape Three Points acreage;
- Hess Ghana Limited (Hess) – (formerly Amerada Hess Ghana Limited), over Deepwater Tano Cape Three Points (south of the Tullow and Kosmos blocks);
- Vanco Ghana Ltd. (Vanco), over the Cape Three Points Deepwater block;
- Aker ASA over South Deepwater Tano contract Area. This is the western part the area relinquished by Vanco;
- Gasop Oil (Ghana) Limited, over Deepwater Saltpond Basin;
- Saltpond Offshore Producing Company Limited, over the existing Saltpond Field;
- Oranto Petroleum International Limited, over the Saltpond area;
- Afren Energy Ghana Ltd., over the deepwater Keta Basin (Afren took over the Devon block).
List of Companies
- Ghana National Petroleum Corporation, the state owned company has interests in the exisiting fields.
- Gasop Oil’s primary focus is to explore for Oil and Gas in the Saltpond Basin of Ghana
- Kosmos Energy has been actively trying to sell its stake to Exxon Mobil.
- Tullow Oil has interests in two exploration licences offshore Ghana; Deepwater Tano and West Cape Three Points.
- Anadarko is also a partner in the Jubilee Oil Field, and has discovered oil in the Tweneboa and Owo blocks
- Ghana imports natural gas from Nigeria via the West African Gas Pipeline
- There is one refinery in Ghana, the 43,000 bbl/day Tema Refinery, owned by Tema Oil.
- EIA Country Profile
- Assessment of Undiscovered Oil and Gas Resources of Four West Africa Geologic Provinces
- CIA Ghana Factbook
- Kosmos Energy Ghana
- Tullow Oil Ghana
- 2010 ENERGY (SUPPLY AND DEMAND) OUTLOOK FOR GHANA
- Anadarko Announces Discovery Offshore Ghana
- Ghana, China Sign $3B Deal for O&G Sector
- Enyenra-2A appraisal well proves major light oil field
- Ghana, Exploration history and regional Geology
- Google Earth map of the oil and gas infrastructure in Ghana