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BMI View: New production at TEN and Sankofa fields, as well as increasing output from the country's
flagship Jubilee field will nearly double Ghana's oil and gas production by 2020. The country's prospective
offshore and the ongoing exploration activities present a further upside risk to our production forecast.
However, our outlook for Ghana's downstream sector remains bearish due to ageing and inefficient
infrastructure, and we expect only minor production additions over the coming decade.
Latest Updates And Key Forecasts
- During 2015-2025, we forecast Ghana's oil reserves to decrease by 9.1% from an estimated 700mn bbl to
636mn bbl. Gas reserves will also decline, shrinking from an estimated 22.7bcm in 2015 to 22.5bcm in
- We forecast Ghana's crude oil and liquids production to increase by 15% to 125,580b/d in 2016. The
output will peak at 215,170b/d in 2020, before declining marginally till the end of our forecast period in