Ghana oil output exceeds 100000 barrels daily

Ghana’s oil production has risen above 100,000 barrels per day as the Jubilee and TEN offshore fields together post stronger output following the latest drilling campaign.

Production gains energize the economy.

Drilling progress pushes Jubilee output past 94,000 barrels

Operators of the Jubilee field report that five of the six wells slated for this year’s campaign have already been completed. The field now delivers more than 94,000 barrels of oil daily, with the final well slated for September.

Meanwhile, the Enyenra, Tweneboa and Ntomme (TEN) cluster continues to exceed expectations, contributing over 14,000 barrels per day. Together, the two offshore complexes have lifted total production beyond the 100,000‑barrel benchmark.

Greater Jubilee Plan aims to sustain gains

The recently approved Greater Jubilee Plan of Further Development outlines an expansion that could add up to 20 new wells across the Jubilee and TEN blocks. The plan is supported by an estimated investment of $2 billion, a scale of commitment that analysts describe as one of the largest upstream undertakings in recent Ghanaian history.

According to the lead operator, the additional drilling is intended to maintain current production levels, improve recovery rates and extend the life of the country’s most productive offshore assets. Facility uptime averaged more than 99 % between January and May 2026, indicating reliable operations despite ongoing drilling activities.

Natural gas pricing eases power sector costs

Jubilee partners have reaffirmed their commitment to supply the Ghana National Gas Company with roughly 115 million standard cubic feet of gas each day. The price has been reduced to $2.50 per MMBtu from more than $3.08 per MMBtu.

Lower gas costs are expected to cut fuel expenses for thermal power plants, potentially easing electricity generation costs for businesses and households. Stakeholders suggest that this pricing strategy could also accelerate Ghana’s shift toward cleaner energy by encouraging a larger share of natural gas in the power mix.

Economic implications of the offshore rebound

Industry observers argue that stable oil and gas output will bolster government revenues and improve foreign‑exchange earnings. The enhanced production is also seen as a factor that could support a more reliable domestic energy supply, an element critical to Ghana’s broader economic recovery efforts.

While the sector’s momentum appears promising, the long‑term outlook will depend on maintaining drilling schedules and ensuring that the projected investment materializes without significant delays. The upcoming September well at Jubilee will be a key indicator of whether the current trajectory can be sustained.