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Ghana Jubilee Field produces more than 37 million barrels of oil in 2014

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OilThe Jubilee Field in Ghana produced more than 37 million barrels of oil in 2014, more than it did in 2013, according to the Ministry of Finance.

Reporting in accordance to the Petroleum Revenue and Management Act, the Ministry states that the total crude oil produced from the Jubilee Field in 2014 was 37,201,691 barrels, that is 101,976 barrels of oil per day (bopd), compared with a budget estimate of 33,955,644 barrels (93,029 bopd) and the 2013 output of 35,587,558 barrels (99,685 bopd).

The Ghana National Petroleum Company (GNPC), the Ministry noted, lifted eight crude oil cargos of 7,681,120 barrels from the Jubilee Field. This compares with seven crude oil liftings totaling 6,793,449 barrels in 2013.

Ghana discovered oil in commercial quantity in 2007 and production started in December 2010.

By Emmanuel K. Dogbevi

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