Ghana | Egypt Oil & Gas - Part 5
Sankofa-Gye Nyame to Produce Oil 2017
Oil production from Ghana’s Sankofa-Gye Nyame oil field, is expected to commence in the second quarter of 2017 while production of gas is expected to begin in the second quarter of 2018.
Tullow Declared Force Majeure in Ghana
UK’s Tullow declared force majeure on Seadrill contract for the West Leo rig contract. Tullow sent the notice in early October, claiming the field the rig has been hired for, is subject to a drilling moratorium by th ...
Ghana Exported Fuel to West Africa
Ghana has started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot, with exports to Liberia to commence in November.
GNPC Received $500m LOC for Sankofa Gas
HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field. Ghana to Refinance Loans for Sankofa Field
The Ghana National Petroleum Corporation (GNPC) has guaranteed that it will work the with the Public Utilities Regulatory Commission (PURC) to produce money to refinance the loans used by government as a partner in t ...
Ghana to Push Oil Output to 240,00b/d by 2020
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d. Ghana Manufactured Manifold for TEN Oil Exports
Ghana's Belmet 7 has completed gas export manifold for UK's Tullow Oil and loaded onshore at the Takoradi Port for both Jubilee and TEN oil fields offshore at the West Cape Three Point in the western region.
Ghana’s Pump Prices to Increase
Ghana’s Institute for Energy Security (IES) projected an increase of about $0.05 per liter on petrol and diesel to mirror developments on both the international and local oil market for the September pricing window.
