Energy

Gas production increases by 65% – Report

Gas production increased significantly by 65% in the first half of 2020, the highest recorded since 2010, according to the Public Interest and Accountability Committee (PIAC) 2020 semi -annual report.

This is despite the disruptions caused by the outbreak of the global coronavirus pandemic.

The cumulative raw gas production in the first half of 2020 was more than 116 million standard cubic 44feet (MMscf).

Gas production from the Jubilee and TEN Fields increased by 30% each, whilst the SGN Field recorded a significant increase of about 130% from a volume of 25,009.76 MMscf in H1 2019 to 57,451.67 MMscf for the same period in 2020, due to stable production operations.

Meanwhile, crude oil production in the first half of 2020 reduced marginally, relative to that of 2019.

 A total of 34.2 million barrels of oil was produced from Ghana’s three offshore producing Fields -Jubilee, TEN, and SGN.

This represented a 0.21% decrease from the first half of 2019 production volume of about 34 million barrels, and the first year-on-year reduction in a half-year since 2016.