Tullow Ghana and its partners have resumed drilling at the Jubilee Field, launching a two-year campaign aimed at revitalizing the country’s oil and gas sector. The project, which began in May, reflects growing investor confidence and is set to boost production and improve efficiency in one of the region’s most prominent oil sites.
Benjamin Nsiah, Executive Director of the Centre for Environmental Management and Sustainable Energy, highlighted the potential for increased national revenue if the new wells yield commercially viable reserves. He explained that greater output, combined with favorable global prices, could significantly enhance earnings from the upstream sector.
Nsiah also voiced concern about Ghana’s recent production trends, noting a sharp drop in annual output over the past five years. He emphasized the importance of new drilling efforts like Tullow’s, both to reverse the decline and to attract additional foreign investment into the industry.
Industry watchers widely view this renewed campaign as a necessary step toward strengthening the sector and restoring momentum in Ghana’s oil production landscape.
source: citinewsroom.com
African Energy Council