By: Energy capital & power

The boost was largely driven by the Jubilee South East project, operated by independent oil and gas company Tullow Oil, which commenced operations in late 2023, according to a report by the Public Interest and Accountability Committee.

Production reached 24.86 million barrels as of June 2024, reversing the 13.2% decrease recorded over the same period in 2023.

The report further revealed that Ghana’s petroleum revenues surged by 56% year-on-year, totaling $840.8 million by June 2024, and contributing 7% to government income.

Additionally, Ghana’s gas production rose by 7.5%, reaching 139.86 million standard cubic feet during the same timeframe.

To further bolster production, Ghana plans to offer more exploration rights, with major industry players such as Tullow Oil, Kosmos Energy, PetroSA and Eni currently operating within the country.