Ghana’s crude oil production has risen by about 30 percent after five years of declining output, Energy and Green Transition Minister John Abdulai Jinapor said at African Energy Week in Cape Town, as reported by MyJoyOnline. He credited renewed development work under a 2 billion dollar memorandum signed in 2025 with Kosmos Energy and the other Jubilee and TEN field partners, including licence extensions to 2040 and a revised Jubilee development plan with up to 20 further wells.
Kosmos reported average gross Jubilee production of about 72,000 barrels of oil per day in the second quarter of 2026, with two new wells brought on stream in June and July, and a further drilling campaign of up to 10 wells planned from mid 2027. The agreement is also intended to increase affordable natural gas supply for domestic power generation.
Accra is using the turnaround to pitch for more capital, with agreements in place with Chevron, talks under way with Shell and CNOOC, progress reported with Petrobras, and petroleum fiscal reforms heading to cabinet and parliament. The 30 percent figure is the minister’s, stated at the conference, and is carried here on that basis.