Ghana’s crude oil production has increased by approximately 30 per cent, marking a significant recovery after five consecutive years of declining output, according to the Minister of Energy and Green Transition, John Abdulai Jinapor.
Mr Jinapor announced the improvement while speaking at African Energy Week 2026 in Cape Town, South Africa. He attributed the recovery in Ghana’s oil production to renewed development activities and increased investment in the country’s petroleum sector.
The minister highlighted a US$2 billion memorandum of understanding signed in 2025 with Kosmos Energy, a key partner in the Jubilee oilfield, as an important step towards revitalising Ghana’s upstream oil and gas industry.
Kosmos Energy Agreement to Boost Ghana’s Oil Production
The agreement covering the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) oilfields includes licence extensions until 2040. The arrangement is intended to encourage long-term investment, support new oilfield development projects and increase crude oil production in Ghana.
The agreement is also expected to strengthen Ghana’s energy security by improving access to affordable natural gas for domestic electricity generation.
Increased investment in oil and gas infrastructure could help sustain petroleum production, support electricity supply and contribute to the country’s broader energy development objectives.
Jubilee Oilfield Development to Include 20 New Wells
As part of efforts to increase output, the revised Jubilee oilfield development plan provides for the drilling of up to 20 additional wells.
The planned drilling programme is expected to support further exploration and development activities, helping Ghana maximise production from one of its major offshore oilfields.
The Jubilee and TEN fields remain important to Ghana’s petroleum industry, making continued investment in offshore oil production critical to the sector’s long-term performance.
Outlook for Ghana’s Oil and Gas Industry
The reported 30 per cent increase in crude oil production signals a positive development for Ghana’s energy sector following years of declining output.
The combination of additional drilling, extended petroleum licences and renewed investment could help improve oil production and natural gas availability in the coming years.
However, the long-term impact will depend on the successful implementation of the development plans and sustained investment in Ghana’s upstream petroleum industry.
For Ghana, expanding crude oil production while improving the availability of affordable natural gas remains an important part of efforts to strengthen energy security and support economic growth.
Source: newsthemegh.com