The Ghana Cote d'Ivoire Basin is located offshore western Ghana and, to date, has been the most successful basin for exploration in the country. Over the last decade, exploration results have been very encouraging and a key success was the discovery of the giant Jubilee field in 2007. However, since its discovery, new finds have been much smaller in size, averaging just over 60 million barrels of oil equivalent. It is thought that many of the best prospects in the basin have now been drilled and explorers in the country may start to turn their attention to the neighbouring Keta-Togo-Benin Basin to the east.
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
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Asset report | Mar 2016
Ghana Cote d`Ivoire exploration basin
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