Ghana has multiple oil and gas projects in the pipeline for 2027, including 3 upstream projects, nine midstream projects, and five downstream projects.
As countries across Africa look to develop their oil and gas industries in the coming years, Ghana is hoping to lead the way with an oil boom.
Ghana set the ambitious goal of doubling its oil production from 180,000 bpd to 420,000 bpd this year.Several African countries have welcomed investment in oil and gas in recent years, as parts of the continent undergo industrialization and investors look to develop new reserves. Africa provides companies with the potential for low-cost, low-carbon oil and gas in largely unexplored areas.
Meanwhile, the country’s midstream sector will expand alongside exploration and production operations. Ghana plans to develop the Tema Floating Liquefied Natural Gas Plant, the Tema VI Liquids Storage Terminal, the Dixcove Oil Storage Facility, the Wa Oil Storage Facility and the Tema-Akosombo II and Tema Pipelines between 2023 to 2027.
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