GHANA

GHANA (in West Africa)	CAPITAL: ACCRA POPULATION: 23 mm AREA (on): 239,500 km² OIL PEAK: 2018 (forecast)
SUPPLY 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. DEMAND 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.


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