Crude Oil Production in Ghana decreased to 173 BBL/D/1K in May from 175 BBL/D/1K in April of 2023. Crude Oil Production in Ghana averaged 59.53 BBL/D/1K from 1993 until 2023, reaching an all time high of 218.26 BBL/D/1K in June of 2019 and a record low of 1.40 BBL/D/1K in January of 1994. source: U.S. Energy Information Administration
Does Ghana export oil?
Most of the higher-quality oil produced by these three fields is exported, while Ghana imports crude for power production and other purposes. In 2017 some 57m barrels were exported – around 97% of total production – with the remainder used for electricity generation or sent to Tema Oil Refinery.
What role does Ghana play in the African oil industry?
Ghana plays an important role in the African oil industry. In 2020, the country produced crude oil amounting to over 173,000 barrels per day. Due to ongoing developments in offshore resources, Ghana’s Ministry of Energy expects production to reach 500,000 barrels per day by 2024.
Which oil field in Ghana produces the most oil in 2022?
As of 2022, the Jubilee field was the leading oil field in Ghana in terms of output. That year, it produced approximately 30.5 million barrels of oil. This was followed by the Offshore Cape Three Points (OCTP) field – comprising the Sankofa and Gye Nyame fields, with a generated oil volume of around 12.6 million barrels.