Country Report

Ghana upstream summary

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04 October 2019

Ghana upstream summary

Report summary

Ghana's emergence as a deepwater province is one of the major successes in Sub-Sahara Africa - The Jubilee field, discovered in 2007, was significant not only because of its size but because it opened 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 2009, 37 exploration wells have been drilled in Ghana's ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Basins
      • Côte d'Ivoire Basin
      • Saltpond Sub-Basin
      • Keta-Togo-Benin Basin
      • Volta Basin
    • Licensing
      • Recent licensing
      • Historical Licensing
      • 1950s - 1990s
      • Post-2000
    • Drilling
      • Drilling activity
      • Historical drilling
      • Success rates
  • Reserves and resources
    • Oil
    • Gas
    • Introduction
    • 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
      • Petroleum Production and Exploration Act, 2016
      • Petroleum (Exploration and Production) (General) Regulations and Model Petroleum Agreement, 2018
    • State oil company
    • State participation
    • Licensing
      • Contract duration
      • Minimum exploration programme
      • Relinquishment
    • 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

Tables and charts

This report includes 18 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Reserves and contingent resources at 01/01/2020
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Map of Ghana Basins
  • Production: Table 1
  • Production: Table 2
  • Liquid Production
  • Production: Table 3
  • Production: Table 4
  • Gas Production
  • Exploration: Table 1
  • Licence Map
  • Exploration drilling and commercial success rates
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3

What's included

This report contains:

  • Document

    Country Overview

    PDF 15.26 MB

  • Document

    Country Overview

    XLS 258.50 KB

  • Document

    Country Overview

    ZIP 15.21 MB

  • Document

    Executive summary

    PDF 701.67 KB

  • Document

    Key facts

    PDF 683.58 KB

  • Document

    Location maps

    PDF 4.69 MB

  • Document

    Key companies

    PDF 703.54 KB

  • Document

    Geology

    PDF 6.46 MB

  • Document

    Exploration

    PDF 5.38 MB

  • Document

    Reserves and resources

    PDF 706.94 KB

  • Document

    Production

    PDF 725.98 KB

  • Document

    Infrastructure

    PDF 694.74 KB

  • Document

    Policy and regulation

    PDF 700.31 KB

  • Document

    Fiscal terms

    PDF 724.69 KB

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