Ghana poised for short and medium-term oil boosts

New wells at the Jubilee field will lift output in 2023, while the Pecan field offers longer-term prospects if development can be progressed

Ghana’s oil production is set to rebound in the second half of this year, but the country’s hopes for a broader and slightly longer-term revival in its upstream depend on the previously stalled offshore Pecan development. The developers of Ghana’s flagship Jubilee oilfield recently completed works to raise output. Anglo-Irish independent Tullow—the field’s operator—and the New York- and London-listed independent Kosmos Energy confirmed that two fresh production wells have been brought online as part of the Jubilee Southeast (JSE) project, boosting Jubilee’s total production “to over 100,000b/d”. Another two wells are on pace to start operations later this year, “which should further enhance