Oil and gas industry in Ghana these is a very prospective industry in Ghana’s economic sector. it includes a market overview and a complete verse trade data.
Full production began as early as 2010 after a Dallas-based Kosmos oil company discovered a significant deep water oil and gas reserves in today’s Jubilee field about 60KM offshore. Ever since then full and large scale production has started with the management of Tullow,Kosmos, Anadarko in partnership with other Ghana Petroluem Companies GNPC.
Need For More Investors In Ghana Oil And Gas Industry
There is an immediate need for oil and gas service firms that are able to partner with indigenous Ghanaian companies to support the offshore activities of the international oil companies. Domestic Ghanaian companies do not have the ability to provide a broad range of services despite local content requirements mandating a minimum level of local participation. Joint-venture firms with foreign partners contributing technology and know-how to a partnership with a reliable local company will be highly sought-after.
Want to know atleast top 5 Oil and Gas companies in Ghana with Bulk Oil Distribution, check the list below with their brief profiles.
List Of Top 5 Oil And Gas Companies In Ghana With Bulk Distribution
1 . Kosmos Energy
Kosmos is a premier international oil and gas exploration and production company focused on the frontier. their primary areas of operation are under-explored regions along the Atlantic Margin. their focus on unlocking new hydrocarbon systems and growing and maturing discovered basins through follow-on exploration success, development and production.
Kosmos came into Ghana’s Oil and Gas industry as late 2007 after discovery an oil deposit in today’s Jubilee Field.
Kosmos’ Jubilee discovery in 2007 was the company’s first major discovery and one of West Africa’s largest discoveries of the last two decades. First production from the initial development phase was in late 2010. Average production is approximately 100,000 barrels of oil per day, and Jubilee partners are working to enhance field performance. Jubilee is a world-class, long-life production asset.
2. Tullow Oil Ghana
Ever since 2006, Tullow has had interests in two exploration licences offshore Ghana. Following seismic acquisition and interpretation, Tullow and its partners drilled two successful exploration wells in 2007. The wells discovered the major Jubilee oil field in the Gulf of Guinea’s Tano Basin. The Jubilee Cretaceous turbidite reservoir straddled both licences; Deepwater Tano and West Cape Three Points.
In October 2008, Tullow was appointed as the Jubilee field Operator and set about working with the partners and Government of Ghana on developing the field to bring Ghana its first major oil production. The Minister of Energy in Ghana formally approved the Jubilee field Phase 1 Development Plan and Unitisation Agreement on behalf of the Government of Ghana in July 2009. In November 2010, following a successful development programme, which included the building of a Floating Production Offtake Vessel (FPSO), first oil was achieved from the Jubilee field. This was some 40 months post the initial discovery well which represents the fastest ever comprehensive full scale deepwater development.The field is Tullow’s key asset and generates significant high-margin oil production for the Group.
Although Tulllow is a foreign oil firm but their existence in Ghana can be traced back in 2007.
3. Jospong Group
The Jospong Group currently operates in over twelve industries namely; Building & Construction, Printing & Publishing, ICT, Waste Management, Mining and Quarrying, Oil & Gas, Automobile, Plant & Equipment, Skill Development, Financial Services, Public Health & Safety, Logistics & Supply Chain and Transport & Haulage, they have a reputation for delivering Excellence, Professional Services and enjoy strong relationship with all our stakeholders.