Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Ghana produces 16.7 million barrels of crude oil, earns $337m from January to September 2011

Since became an oil producer on December 15, 2010, the country has produced 16.7 million barrels of oil from January to September, 2011, the Minister of Energy has said.

Speaking to journalists at a news conference in Accra October 6, 2011, Dr Joe Oteng Adjei said all partners in the Jubilee oil field have done a total of 24 crude liftings within the period with Ghana, through the Ghana National Petroleum Corporation (GNPC), lifting only three so far and earning $337 million from the sale.

“The total crude oil production from January 2011 to September 2011 was about 16.7 million barrels. There was a total of 24 crude liftings from the field by all the partners. The Ghana Group earned a total of  $337,337,945 from the sale of the first three liftings totalling 2,980,720 barrels of crude oil,” Dr Oteng Adjei told reporters.

Ghana achieved an industry record of 3.5 years (40 months) from discovery of oil to first oil production which began December 2010.

Oil production increased steadily from the initial average of 45,000 barrels of oil per day in January 2011 to about 77,000 barrels of oil per day on the average in August 2011, said the Minister.

http://www.ghanabusinessnews.com/2011/10/06/ghana-produces-16-7-million-barrels-of-crude-oil-earns-337m-from-january-to-september-2011/

 

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar