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Page added on September 5, 2014
Ghana to Double Oil Production by 2017
Ghana will double crude production by 2017 as offshore deposits being developed by Tullow Oil Plc and Eni SpA start producing oil, Minister of Energy Emmanuel Armah-Kofi Buah said.
Tullow’s TEN development will produce about 80,000 barrels a day by then, the minister said by phone today. Eni’s Sankofa Gye-Nyame deposit will pump 50,000 barrels, he said. Production at Ghana’s Jubilee field will rise to 120,000 barrels from 110,000 today.
Ghana and partners Tullow and Anadarko Petroleum Corp. plan to invest $20 billion in the next 10 years to develop offshore oil deposits. The world’s second-largest cocoa producer needs revenue to help narrow its budget deficit, which will probably exceed 10 percent of gross domestic product for a third year, according to Fitch Ratings and Moody’s Investors Service.
14 Comments on "Ghana to Double Oil Production by 2017"
Plantagenet on Fri, 5th Sep 2014 2:48 pm
Good to hear that Ghana hasn’t peaked yet. On the other hand, it seems like pretty small potatoes in the overall scheme of things.
shortonoil on Fri, 5th Sep 2014 3:48 pm
This is a very good example of the propaganda now being elicited by the financial press. Ghana is at the center of the worse epidemic that the world has witnessed in over 500 years. Ebola is now ravaging Central West Africa, and the WHO has declared it out of control in that region. Because of its exponential growth rate, and poorly understood transmission methods there is every possibility that Ghana may not even be a recognizable civilization by 2017. But Bloomberg in their madness to prove that all is doing just fine on the BAU front is publishing that a nation that is very likely to be completely emaciated over the next year is going to increase its oil production. The world’s press has now gone into completely cognitive disconnect mode!
trickydick on Fri, 5th Sep 2014 7:25 pm
Note to self, watch for this to blow up or otherwise fail to come to fruition.
Makati1 on Fri, 5th Sep 2014 10:06 pm
More pimping for investors. A lot of ifs and maybes and a future promise…
Ghana would be better off selling more cocoa. The price of that is climbing faster than the price of oil.
baptised on Sat, 6th Sep 2014 1:16 am
Short you nailed it. It has become totally freaking absurd. Maybe some will wakeup now, naa.
Norm on Sat, 6th Sep 2014 5:39 am
twice nothing, is nothing?
shortonoil on Sat, 6th Sep 2014 9:17 am
Ask a doctor, vet or anyone in the health care profession. They will tell you, this could be very bad.
http://www.zerohedge.com/news/2014-09-05/16-stunning-quotes-global-health-officials-ebola-epidemic
noobtube on Sat, 6th Sep 2014 10:30 am
So, the TeeVee tells the mindless idiots in the United States that Africa is bad (Ebola this time), and they believe, this time, it’s going to be true.
I guess the Somali pirates,
the kidnapped girls in Nigeria,
too many black babies,
AIDS boogeyman,
Robert Mugabe,
and Americans kidnapping children from Africa and calling them “adoptions” is not enough.
So, the American rich scumbags said, let’s try a new disease, that always seems to work with the American idiots.
That way they can feel superior to somebody, and sit on their asses while they easily slide right into poverty.
Davy on Sat, 6th Sep 2014 12:48 pm
Noob, you are nothing but a scumbag in comparison to Short. Short contributes here with educational comments. You take valuable space and time by puking scum. Noob, you are truly the lowly of the low subhuman scumbags.
noobtube on Sat, 6th Sep 2014 2:47 pm
In an article about Africa,
the term “subhuman” is posted.
Now, that is good old-fashioned hate, right there.
But, hate is all the American degenerate knows or understands.
Davy on Sat, 6th Sep 2014 2:55 pm
If anyone knows hate it is you Noob. Please slither back into your hole and leave us civilized folks alone.
synapsid on Sat, 6th Sep 2014 3:05 pm
Mak,
Concentrate on cacao, yes. It’s sustainable and has a future, and I expect it tastes way better than crude.
More cocoa, please.
Norm on Sun, 7th Sep 2014 1:10 am
I kinda like boobtube. Somebody needs to stick up for him. He perhaps could keep his US-suburbia hate down to a dull roar. Or just let Kunstler do that for him, sit back and enoy the ride.
Although a couple articles back, boobtube called all the automobiles and their drivers, dumpsters full of trash. How did he know about all those burger wrappers and half eaten french fries in the back of my car?
Just cause somebody offends you, doesn’t mean he doesn’t have a point.
Boat on Sun, 7th Sep 2014 6:29 am
PBS was saying the doc to human ratio was 2 doc to every 100,000 humans. Sounds like extra oil might fund some health industry.