Ghana’s Minister of Finance Ken Ofori Atta last weekend, told investors in Oslo, Norway, that overall crude oil production from Ghana was expected to more than double over the next four years. Addressing the meeting of 20 key international companies, Ofori-Atta, stated that Ghana has re-asserted herself strongly as a key destination for petrochemical industry players. In his words, production is expected to increase from 196,089 barrels per day in 2019 to 420,020 barrels per day in 2023. The Aker Energy ASA has confirmed a significant offshore resource base in Ghana and had committed to scaling up new development in the Deepwater Tano Cape Three (DWT/CT) points block. In addition to the new Aker Energy reserves, the government plans to capitalize on Tullow Oil’s new drilling program, which is expected to begin in the second half of this year.

Source: The North Africa Journal February 18, 2019 14:37 UTC