BusinessGovernance

Ghana’s Oil Production to Go up⬆ to 500,000 Barrels – Minister

 

Mr Ken Ofori-Atta, the Minister of Finance has said the overall crude oil production from Ghana is expected to more than double over the next four years.

“Overall, crude oil production is expected to increase from 196,089 barrels per day in 2019 to 420,020 barrels per day in 2023,” he said, adding that, the first oil from the Aker fields is expected between the last quarter of 2020 and first quarter of 2021.

The Aker Energy ASA has confirmed a significant offshore resource base in Ghana and had committed to scale up new development in the Deepwater Tano Cape Three (DWT/CT) points block.

This was made known in a statement issued by the Public Relations Unit of the Ministry and copied to the Ghana News Agency on Thursday, when the Minister led a government delegation to address 20 key international companies at a meeting in Oslo, Norway on Wednesday.

 

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
%d bloggers like this: