Country report
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22 Pages

Ghana upstream summary

Ghana upstream summary

Report summary

The emergence of Ghana as a deepwater province has been one of the major successes in Sub-Sahara Africa in the past decade. The Jubilee field, discovered in 2007, was significant not only because of its size (825 mmboe), but because it opened up a new Cretaceous hydrocarbon play along the West African Transform Margin (WATM). The WATM extends 1,200 kilometres from Ghana to Sierra Leone, and became one of the most exciting frontier exploration regions in the world. Since 2008, 31 exploration ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 720.66 KB 22 Pages, 11 Tables, 7 Figures
  • Country Overview XLS - 420.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Basins
      • Côte d'Ivoire Basin
      • Saltpond Sub-Basin
      • Keta-Togo-Benin Basin
      • Volta Basin
  • Exploration
    • Licensing
      • Current activity
    • Drilling
      • Drilling activity
      • Historical Drilling
      • Success rates
  • Reserves and resources
  • Production
    • Oil
    • Gas
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
      • Petroleum (Exploration and Production) Act, 1984
      • Ghana National Petroleum Corporation Act, 1983
      • Petroleum Income Tax Law, 1987
      • Environmental Protection Agency Act, 1994
      • Environmental Impact Assessment Regulations, 1999
      • Petroleum Commission Act, 2011
      • Petroleum (Local Content and Local Participation) Regulations, 2013
      • Petroleum Production and Exploration Act, 2016
    • State oil company
    • State participation
    • Licensing
      • Contract Duration
      • Minimum Exploration Programme
      • Relinquishment
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • State Equity Participation
      • Bonuses, Rentals and Fees
      • Indirect Taxes
      • Royalty and Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Historical background
      • 1980s
      • 1990s-2000s

In this report there are 18 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
  • Geology
    • Map of Ghana Basins
  • Exploration
    • Exploration: Table 1
    • Licence Map
    • Exploration drilling and commercial success rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquid Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
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