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Ghana produces 29 million barrels of oil in first half of 2018 – PIAC

Ghana has produced a total of 28,982,050 barrels (bbls) of oil from three offshore producing fields, the new report of the Public Interest and Accountability Committee (PIAC) says.

According to the report covering the period from January to June 2018, 11,923,286 bbls was produced from the Jubilee field, 11,772,267 bbls from TEN, and 5,286,497 bbls from the Sankofa Gye-Nyame (SGN) field. The total production, it indicates represents a 19.04 per cent increase over the first half of 2017 production.

It states that the increased half-year production is as a result of improved production from the TEN and SGN Fields.

The report notes that average daily production from the TEN Field, 65,040 bbls inched closer to that of Jubilee (65,875 bbls), from 47,610 bbls for the same period in 2017, and average daily production from the SGN Field more than doubled, from 12,099 bbls in the first half of 2017 to 29,207 bbls in the first half of 2018.

Total volume of raw gas produced for the first half of 2018 amounted to 44,797.21 MMScf compared to 31,673.96 MMScf for the same period in 2017, the rates said, adding that a  total of 14,694.27 MMScf of raw gas was exported to the Atuabo Gas Processing Plant (AGPP) in the first half of 2018.

Oil liftings

The Jubilee Partners the report said, made a total of 13 liftings; which is 12,506,068 bbls; TEN Partners made 12 liftings – amounting to 11,711,943 bbls; and the SGN Partners lifted six parcels of crude – 5,840,411 bbls.

The Ghana Group lifted two parcels each from the Jubilee and TEN fields totaling 3,959,699 bbls, and from the SGN Field, the Partners lifted six (6) parcels of crude, totaling 5,840,411 bbls and the Ghana Group lifted one parcel amounting to 995,351 bbls as royalty, the report stated. The GNPC didn’t do any lifting in respect of CAPI as the Partners lifted the Corporation’s share to offset its indebtedness in respect of unpaid cash calls.

By Emmanuel K. Dogbevi
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