Former President John Dramani Mahama has lamented the lack of additional upstream oil production activity in the last seven years under President Nana Addo Dankwa Akufo-Addo.
In a tweet on Monday, February 6, the former President blamed the lack of activity in the upstream sector on President Akufo-greed Addo’s ineptitude.
The government revealed in 2017 that it was counting on the Tweneboa-Enyenra-Ntomme (TEN) and Sankofa-Gye-Nyame oil fields to help it meet its 6.3 percent growth target this year.
The TEN Oil field, which began production in August 2016, was expected to produce 20,000 to 23,000 barrels of oil per day.
The project is a joint venture led by Tullow Oil, which holds a 47.185 percent stake, with the other partners, Kosmos Energy, Anadarko Petroleum Corporation, Ghana National Petroleum Corporation, and Petro SA, holding 17%, 17%, 15%, and 3.815 percent, respectively.
The project takes its name from three fields, Tweneboa, Enyenra, and Ntomme, which are located 60 kilometers off the coast of Ghana’s Western Region.
Over a 20-year period, TEN was expected to produce approximately 300 million barrels of oil, equivalent to 80% of oil and 20% of gas.
When fully operational, the field will produce 80,000 barrels of oil and 180mm scf of gas per day.
The Sankofa-Gye Nyame Field, located in the Tano Basin of West Cape Three Points, delivered its first oil in August 2017 and its first gas in February 2018 to supplement thermal power generation, ensuring long-term electricity production.
It was expected to supply Ghana with an additional 30,000 barrels of oil per day and 180 million cubic feet (5.07 million cubic metres) of gas per day.
The project’s gas is expected to help generate 1,100 MW of additional electricity, and once operational, it will generate enough gas to increase the country’s electricity supply by 50%.
