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


News in Brief

Ghana to produce 500,000 barrels of oil by 2024

  • SOURCE: | Editor
  • gnpc 2The Ghana National Petroleum Corporation has disclosed to Citi Business News that Ghana could hit a daily minimum oil production of five hundred thousand barrels per day in the next 10 years.

    The Acting Chief Executive of the Ghana National Petroleum Corporation, Alex Mould disclosed this to Citi Business News at the 18th Annual Conference of Offshore West Africa.

    Ghana is currently producing oil of 100,000 barrels per day but says his outfit is currently focusing on investing in exploration to meet the target.

    He explained that “with the exploration that is going on and the probabilities of us hitting, I think the next 10 years, we will be looking at something around 500,000 barrels minimum. So we have to continue to add reserves to what we have. Our reserves are about 1.3 billion barrels.”

    Mr. Mould added that his outfit has to move “our gas reserves up, and the only way we can do this is to explore and spend money on exploration. That is the focus now.”

    Source: Citifmonline.com

    Get the latest news and updates on Ghana’s oil and gas value chain by following us Reporting Oil and Gas on twitter @oilgasghana and like our facebook page and get at us on Google+. Subscribe to our group to get update

     

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    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
    << Jul 2018 >>
    MTWTFSS
    25 26 27 28 29 30 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 4 5
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar