Search results
Results from the WOW.Com Content Network
The 100% state-owned filling station company of Ghana, Ghana Oil Company (GOIL) is the number 1 petroleum and gas filling station of Ghana; and commercial quantities of offshore oil reserves in Ghana were discovered in the 1970s.
The Tweneboa Enyenra Ntomme Oil Field began oil production on August 18, 2016. The official ceremony to start production was performed by John Dramani Mahama, the President of Ghana at the time, when he opened the production valve on the Floating Production Storage and Offloading Vessel FPSO John Evans Atta Mills. [5]
The laws also established the legal structure that informed the corporation in contractual agreements between the Government of Ghana and private oil exploration companies. In 1987, the Petroleum Income Tax Law were added to the corporation's mandate to permit it to tax various petroleum products for consumption. The law was the PNDC Law 188..
The oil field is located 65 miles (105 km) west of Ghana's capital, Accra, in the Central region of Ghana. It is located about 13 kilometres (8.1 mi) off the coast of Saltpond in the northern-central area of the Takoradi Arch, in water depth of 80 feet (24 m). [1] It extends over an area of 5 square kilometres (1.9 sq mi). [3]
Oil was discovered in commercial quantities under the Presidency of John Kufuor. His successor, John Atta Mills initiated Ghana's first ever foray into oil production. [2] In 2010, the government rebased the economic statistics of the country resulting in an upward push of the GDP of Ghana by more than 60%. The base year for calculations was ...
Jubilee offshore oilfield was discovered in 2007 by Kosmos Energy and developed by Tullow Oil.. Equity partners of the Deepwater Tano block are Tullow with 49.95%, Kosmos with 18%, Oxy with 18%, PetroSA Ghana with 4.05%, and Ghana National Petroleum Corporation (GNPC) with 10%.
The Tema Oil Refinery (TOR) is one of two crude oil refineries in Ghana. [1] [2] In 1977, the Government of Ghana became the sole shareholder. The name of the refinery was changed to the Tema Oil Refinery in 1991. The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP).
GOIL PLC formerly known as GOIL Company Limited (GOIL) and Ghana Oil Company and also known as GOIL, is a state-owned Ghanaian oil and gas marketing company, formed on 14 June 1960. [3] Currently it holds the place of Ghana's top oil marketing company, and is the only indigenous owned petroleum marketing company in Ghana. [4]