Ghana Oil Output to Hit 120,000 Bpd by August

Source: Reuters 4/12/2011, Location: Africa

Crude oil production from Ghana is nearing a rate of 80,000 barrels per day and should reach its 120,000 bpd target by August, the operator of the country's sole producing field said. "Production today stands at about 70,000 barrels per day and I expect it to reach about 75,000-80,000 barrels by next week," Stuart Wheaton, an official at Tullow Oil's Ghana unit, told an oil and gas conference in Accra.

"Our expectation is that with further completions coming we should be getting about 120,000 barrels per day by July, August time," he added. U.K.-based Tullow operates Ghana's offshore Jubilee oil field, which began producing in December 2010.


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