First offshore production in Ghana was from a single
field (Saltpond) in 1978 but it was abandoned in 1985.
The field was rejuvenated in 2002 and other small shallow water oil and
gas fields are also being developed, however no substantial new oil from
shallow waters is forecast.
Conversely recent discoveries in deep waters, primarily the Jubilee
field, will rapidly increase output from Ghana after 2010. Gas resources
are also being developed in association with the oil which will provide
Ghana with substantial new supplies of gas.
Ghana has no onshore production and none is forecast.
After a brief decline in 1997 oil consumption in Ghana
has been growing rapidly and this growth is expected to continue as new
deep water supplies come onstream, with exports beginning in 2011.
Gas consumption started when indigenous output began in 2003. Growth
will continue and the country is unlikely to need gas out of the West
African Gas pipeline.