Who discovered oil in Ghana?
In July 2007, Tullow Oil and Kosmos Energy discovered oil in commercial quantities in the western region of Ghana, and named the area Jubilee Field (see Fig. 1).
Who discovered the Jubilee Field?
Kosmos Energy
History. Jubilee offshore oilfield was discovered in 2007 by Kosmos Energy and developed by Tullow Oil. Equity partners of the Deepwater Tano block are Tullow with 49.95%, Kosmos with 18%, Oxy with 18%, PetroSA Ghana with 4.05%, and Ghana National Petroleum Corporation (GNPC) with 10%.
How long will Ghana’s oil last?
Oil Reserves in Ghana Ghana has proven reserves equivalent to 20.5 times its annual consumption. This means that, without Net Exports, there would be about 21 years of oil left (at current consumption levels and excluding unproven reserves).
When did oil and gas exploration start in Ghana?
According to the “Ghana Geological Survey Bulletin No. 40” exploration for oil and gas in Ghana started in 1896 in onshore Tano basin (Western Region). This was due to the presence of onshore oil and gas seepages found by early explorers in that area. During that period early wells were drilled without geological understanding and the benefit
Where are the Deepwater Tano oil fields located?
The TEN development project includes the collective development of three hydrocarbon accumulations, namely Tweneboa, Enyenra (formerly, Owo) and Ntomme. The three oil and gas fields are part of the Deepwater Tano license located offshore of Ghana.
When did Phillips Petroleum discover the south Tano field?
In 1979, Phillips Petroleum appraised the South Tano discovery and made gas and condensate find on the satellite 1S-3AX structure down dip of the main field. They went ahead to further appraise the South Tano find by drilling IS-4X in 1981 and later declared the South Tano discovery sub-commercial and finally relinquished the block.
Which is the first deepwater field in Ghana?
The fields lie in water depths of 1,000m to 2,000m. The development is located 25km away from the Tullow-operated Jubilee field. It is the first deepwater field developed in offshore Ghana. A field development plan for the project was approved in May 2013. First production from the project was achieved in August 2016.