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Ghana's gas production to triple by 2019

Xinhua, April 21, 2016 Adjust font size:

Ghana's gas production will triple by 2019 to give more impetus to thermal power production, Theo Ahwireng, Chief Executive Officer of Ghana's Petroleum Commission said here on Wednesday.

According to him, while production will reach 300 million standard cubic feet of gas per day (mmscf), oil production will also reach between 180,000 and 200,000 barrels of oil per day (bopd).

Ahwireng made the announcement while giving an overview of Ghana's fortunes since oil production started in December 2010.

He explained that this would be possible through the coming on stream of gas from new fields currently being developed.

The CEO, who was speaking at the two-day 7th Ghana Oil Gas and Power Summit, said the Tweneboa-Enyenra-Ntomme (TEN) field, Kosmos Energy's Mahogany-Teak-Akasa (MTA) field, the ENI/Vitol's Offshore Cape Three Points (OCTP) are some of the fields that would help increase oil and gas production volumes in Ghana.

"Five years down the line, Jubilee will move from the current phase two (Greater Jubilee) developments to Jubilee Full Filed development to increase the yield of Ghana's premier oil and gas field," Ahwireng disclosed.

He added that the discovery of the Jubilee field stimulated a lot of interest in Ghana, with the number of joint venture companies growing.

Oil production on Ghana's Jubilee field, which produces an average of 105 bopd, has been suspended as the turret bearing on production vessel FPSO Kwame Nkrumah was damaged and is undergoing repairs.

This has also affected the delivery of natural gas to the Atuabo gas processing plant for use by the country's thermal plants while at the same time gas delivery from Nigeria has reduced to about 10 percent of the contracted volumes.

The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Alex Mould, in his message, noted that energy had become a national priority amidst recent power challenges fraught with persistent power outages that hindered economic development.

"GNPC stands ready and willing to engage with and partner investors in exploring opportunities in the sector," he stated.

According to him, GNPC is implementing an accelerated growth strategy to enable it to realize the vision to be a leading global oil and gas company whose operations have a profound impact on Ghanaians.

"We shall play our part in ensuring that the entire oil and gas value chain is robust so we are able to monetize our gas domestically to meet the energy needs of the country and the sub-region," Mould added. Enditem