Wednesday, August 5, 2009

Mighty Ghana to Produce a "Mighty" 240,000 BPD by 2013

Ha-ha! Yeah, it sounds like pittance, but as accountants say: nickels add up to dollars. 'Sides, gotta give this impoverished African country some revenue (just don't go government gangbusters with it like Nigeria).

Pump, little baby, pump:

The country will produce 240,000 barrels of oil and 240,000 million standard cubic feet of gas per day under the second phase of the Jubilee Field project which is expected to commence in 2013, the Deputy Minister of Energy, Dr Kwabena Donkor, has disclosed.

According to him, “the appraisals so far conducted indicate that the Jubilee Field contains expected recoverable reserves of about 800 million barrels of light crude, with an upside potential of about three billion barrels”.

Dr Donkor, who made this known when he opened a two-day seminar on oil and gas for youth activists in Accra last Saturday, said there were greater prospects for the discovery of more oil.

- Brewskie

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