
Audio By Carbonatix
Policy think tank Imani Ghana has advised the Jubilee partners to be cautious over a planned 20 billion dollar investment in the fields.Ghana and its partners on the Jubilee oil fields, namely Tullow Oil and Anadarko Petroleum will invest the amount over the next 10 years. The investment will be aimed at developing new oil discoveries.The new discoveries include Tweneboa and Enyenra in the Deep Water Tano Block as well as other clusters such as the Mahogany, Teak, Akasa and Banda.But Imani Ghana has said this should be done cautiously considering that fact that current output from the field falls short of projected targets.The Executive Director of IMANI Franklin Cudjoe explained to Joy News that “the optimistic projection of hitting close 250,000 per day may not likely come off.”According to him, “giving exactly how the field entirely is behaving now, we have also noted that the finding cost which means that the amount of money that is being spent on the production of a barrel in the Jubilee filed is about five times what is being spent in other similar projects especially in the golf as well as the Alaskan coast.”Franklin Cudjoe warned that “the field may not be as competitive as we thought and may not necessarily be gathering the needed investments that are being touted right now.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Invite more investors to explore Ghana’s oil and gas potentials – PIAC to gov’t
9 minutes -
Ghana, Egypt move to deepen cooperation in border security, counter-terrorism, cybersecurity
18 minutes -
Guggisberg Fiagbenu enters race for Central Tongu NPP Chairmanship in Volta region
32 minutes -
Today’s Front pages: Thursday, April 9, 2026
56 minutes -
“Black Stars have what it takes to win the World Cup” – Sports Minister Kofi Adams
1 hour -
Bank of Ghana Governor to perform official tee-off at 3i Africa Invitational Tournament
2 hours -
Chamber of Bulk Oil Distributors urges caution amidst Special Prosecutor’s petroleum probe
2 hours -
NDC elections: Nat Tetteh eyes Eastern Regional Deputy Secretary position
2 hours -
Ablakwa highlights Ghana-France cooperation, praises Macron on reparatory justice
2 hours -
Protect people, not prices – Joe Jackson rejects fuel tax cuts and subsidies
3 hours -
Finance Ministry, BoG clarify false claims about Databank’s bond market specialist status
3 hours -
Lawyer petitions President to halt Terminal 2 refurbishment over value-for-money concerns
3 hours -
Sunyani Market traders urge government action amid surging ginger prices
3 hours -
Maphlix Farms to supply 3,000 tonnes to help bridge tomato deficit
3 hours -
Ho MP urges public access to officials’ asset declarations
3 hours