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Ghana to start producing 60,000 barrels of oil a day
by 2009 - GNPC
Accra, April 9, Ghanadot/GNA – Mr Thomas
Manu, Director in-charge of Exploration and Production of
the Ghana National Petroleum Corporation (GNPC) on Wednesday
said Ghana’s initial oil production capacity could be about
60,000 barrels a day depending on the number of oil wells
drilled.
He said the country expected the oil companies to start
drilling in commercial quantities latest between the last
quarter of 2009 and the first quarter of 2010.
In the meantime, he explained, “the Mahogany 2 Well” was
being drilled for further testing and results were expected
in a few weeks.
Mr Manu was speaking to members of the Ghana Chamber of
Commerce and Industry on the business opportunities in the
oil industry at the 523rd monthly meeting of the Accra
Region branch.
He said there was the likelihood for companies to drill
between 200,000 and 250,000 barrels a day by the year
2011-2012 when the country advanced in the oil industry and
added that Ghana even had the potential to drill 500,000
barrels of oil.
He pointed out that, it was obvious the numerous
opportunities were available to Ghanaians when the oil
exploration began fully and urged businessmen to take
advantage of the new industry to push up their standards to
meet the standards of those already in oil exploration.
“The future of the oil industry is bright and we can derive
maximum benefits,” he said, while expressing the hope that
more discoveries were to be made.
anted to venture into the oil industry to go by the
directives given by Ministry of Energy to obtain permit from
the GNPC.
He said obtaining a permit from GNPC would enhance their
monitoring programme and enable them to know which company
was doing well and which was not.
Mr George Owusu, Country Manager, Kosmos Energy Ghana
Limited, said his organization would partner the GNPC to
build the capacity of the youth to encourage a lot of people
to work in the oil industry.
He urged businessmen to be prepared to take advantage of the
numerous opportunities and benefits that came along with oil
production in a country.
Mr Owusu called for the necessary legislative support for
the oil industry to encourage more investors into the
country and gave an assurance that Kosmos Energy Ghana
Limited would employ as many Ghanaians as possible.
GNA
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