The director of an oil project in Ghana says that three offshore fields are expected to produce their first oil this week. Terry Hughes, director of the Tweneboa, Enyema and Ntomme fields known as TEN, said the fields off the country’s western coast have an estimated reserve of 300 million barrels over 20 years. He
Ghana announce Deficit in Oil Earnings, The Saturated Market is Hurting the Once Hopeful Producer
Ghana’s crude oil revenues will be 1.4 billion cedis this year, lower than a previous estimate of 2 billion cedis, the finance minister said in a budget review. Despite that, the deficit would remain unchanged from a previous estimate of 5.3 percent, Finance Minister Seth Terkper said. Revenues for 2015 are estimated at 1.5 bln