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Is oil a viable alternative feedstock for Ghana's power generation system?

The gas associated with Ghana¡¯s oil finds, meanwhile, is proving to be a useful alternative feedstock for the country¡¯s power generation system and industrial sector, which have previously relied on hydropower and expensive thermal plants fuelled by light crude oil and diesel.

How petrochemicals are affecting Ghana's economy?

Conversely, the use of petrochemicals has risen, accounting for nearly half of energy consumed in 2016 and gaining ground as both upstream and midstream oil and gas infrastructure continues to develop. Crude oil is one of Ghana¡¯s most valuable exports and is an important contributor to GDP.

Who owns the pecan oilfield in Ghana?

Elsewhere, Norwegian oil company Aker Energy has been engaged in the development of the Pecan oilfield, which has the potential to become Ghana¡¯s fourth producing region. It was discovered in 2012 by Hess Ghana, an oil, gas and energy solutions company acquired by Aker Energy in 2018.

How much oil is produced in Ghana?

In 2019, Ghana accrued oil revenues totalling 938 million US dollars, which was equivalent to 9% of government revenue (Natural Resource Governance Institute 2020 ). Global offshore oil production now accounts for one-third of crude oil production and there are more than 2000 offshore oil and gas fields (Arbo & Th?y, 2016 ).