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The discovery was announced in April 2011 by Hess Corporation, a New York based oil company. [9] In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC.
The company was incorporated in July 2011 by the Government of Ghana. [3] Official production commenced in November 2014. The company specializes in the production and exploration of lean gas, condensate, LPG, and isopentanes, while also playing a vital role in driving the growth of the nation’s industrial sector. [2]
Ghana's Jubilee Oilfield which contains up to 3 billion barrels (480,000,000 m 3) of sweet crude oil was discovered in 2007, among the many other oilfields in Ghana. [2] Oil and gas exploration in Ghana is ongoing, and the amount of both crude oil and natural gas continues to increase. [3]
The RFCC was to convert the low valued residual fuel oil from the CDU into high valued products of LPG and gasoline. Ghana started commercial production of crude oil in December, 2010. The country's Jubilee oil field produces the high grade 'Sweet Light' oil. The installation processes 9,548 tonnes (10,525 tons) of crude oil daily.
Pages in category "Government-owned companies of Ghana" ... Ghana National Petroleum Corporation; Ghana Oil Company; V.
The commission was established in 2011 by an Act of Parliament (Act 821) in consequence of hydrocarbons discovered in commercial quantities. The purpose of the act was for the regulation and management of the utilization of petroleum resources and also to coordinate the policies in the upstream petroleum sector.
Ghana, the world's second biggest cocoa producer, became an oil producer in 2010. Output is currently around 132,000 bpd of crude oil and about 325 million standard cubic feet per day of natural gas.
National Petroleum Authority (NPA) is a statutory body set up by the Government of Ghana to regulate, oversee and monitor the Ghanaian petroleum industry. [1] The authority was established after calls by the general public for efficiency, growth and stakeholder satisfaction in the industry. [2] Dr. Mustapha Abdul-Hamid currently heads the NPA. [3]