
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
-
GoldBod introduces measures to enhance accountability in ASM gold sector
58 seconds -
GoldBod engages licensed traders to promote transparency in gold trade
5 minutes -
Musician KooKusi’s ‘This Ability EP’ accepted into prestigious European mental health arts catalogue
10 minutes -
Falling gold prices raise concerns over Ghana’s economic outlook
11 minutes -
CUTS calls on government to increase allocation to Road Fund in 2026 Mid-Year Budget
19 minutes -
Daboya–Mankarigu residents urge Roads Minister to intervene in delayed road project
26 minutes -
Police summon Kwadwo Safo Akofena over shooting incident involving former Dome-Kwabenya MP
33 minutes -
Firearm cannot be displayed without IGP’s approval – Security expert
35 minutes -
Private security firms cannot legally arm guards for self-protection – Dr Adam Bonaa
36 minutes -
The Million dollar bank in every university
49 minutes -
Ghana highlights disability inclusion progress at UN Conference in New York
56 minutes -
Ghana calls for stronger global support for disability inclusion at UN conference
1 hour -
Gender Ministry begins community dialogue on social protection in Northern Region
1 hour -
Ghana seeks greater investment and renewable energy support through SEforALL partnership
1 hour -
Ghana deepens energy partnership with SEforALL to advance energy access, sustainable development
1 hour