Country Report
Ghana upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Ghana's hydrocarbon industry gained prominence in the late 2000s. This surge followed the discovery of the giant Jubilee oil field in 2007. Ghana's Jubilee field marked a turning point for the West Africa Transform Margin (WATM). It unlocked a new Upper Cretaceous hydrocarbon play along the 1,200-kilometer stretch from Ghana to Sierra Leone. Before Jubilee, the WATM had seen limited deepwater exploration. Jubilee's success sparked interest and exploration activity along the ...
Table of contents
- 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
- Recent licensing
- Historical Licensing
- 1950s - 1990s
- 2000 - 2010
- 2010 - 2020
- 2020 to present
- Drilling activity
- Future plans and recent drilling
- 2 more item(s)...
- Reserves and resources
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Production
- Oil
- Gas
-
Infrastructure
- Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
-
Capital costs
-
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
- Income Tax Act, 2015
- 2 more item(s)...
- State oil company
- State participation
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Licensing
- Contract duration
- Minimum exploration programme
- Relinquishment
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Key legislation
-
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
- 3 more item(s)...
-
Historical background
- 1980s
- 1990s-2000s
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2025
- Licensing
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Map of Ghana Basins
- Licence map
- Exploration drilling and commercial success rates
- Technical and Commercial Success Rates
- Production: Table 1
- Production: Table 2
- 11 more item(s)...
What's included
This report contains:
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