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Ghana’s Crude Oil Output Dips by 25.9% in First Half of 2025

1 month ago
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Ghana’s Crude Oil Output Dips by 25.9% in First Half of 2025

Ghana’s crude oil production declined sharply by 25.92 percent year-on-year in the first half of 2025, according to the Public Interest and Accountability Committee (PIAC).

The Committee’s 2025 Semi-Annual Report on the management and use of petroleum revenues revealed that total output from the country’s three producing offshore fields — Jubilee, TEN, and Sankofa-Gye Nyame (SGN) — amounted to 18.42 million barrels (bbls), compared to 24.86 million barrels produced during the same period in 2024.

PIAC attributed the decline mainly to operational shutdowns, natural reservoir decline, and maintenance activities across all three producing fields.

Jubilee Field Output Down 32.8%

The Jubilee Field remained the largest contributor despite recording the steepest drop in production. Output fell 32.8 percent to 11.02 million barrels in H1 2025, from 16.41 million barrels in the corresponding period last year.

Average daily production declined from 90,755 barrels per day (bbl/d) in 2024 to 60,898 bbl/d in 2025.

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PIAC explained that the decline was influenced by a planned shutdown between 26–31 March and continued works from 1–8 April, which constrained operations. The field’s highest monthly output was recorded in January (2.40 million barrels), while April (1.27 million barrels) marked the lowest.

TEN Field Output Falls 14%

Production from the Tweneboa-Enyenra-Ntomme (TEN) Field also dropped by 14.0 percent, with output falling from 3.45 million barrels in H1 2024 to 2.97 million barrels in H1 2025.

The field’s average daily output decreased from 19,065 bbl/d to 16,420 bbl/d.

PIAC attributed the shortfall to a mini-shutdown for flare tip replacement and ongoing reservoir challenges. The highest monthly production was recorded in March (0.51 million barrels), while the lowest occurred in May (0.45 million barrels).

SGN Field Declines 11.6%

The Sankofa-Gye Nyame (SGN) Field recorded the least decline among the three fields, with production falling 11.6 percent to 4.42 million barrels in the first half of 2025, from 5.00 million barrels in the same period last year.

Average daily production dropped from 27,600 bbl/d in 2024 to 24,463 bbl/d in 2025.

PIAC linked the decline to intermittent operational disruptions and reservoir management constraints, though it noted that the challenges were less severe than those affecting Jubilee and TEN.

Outlook

The Committee reiterated that addressing operational inefficiencies and investing in reservoir maintenance are critical to sustaining Ghana’s oil production levels, warning that persistent declines could impact petroleum revenue inflows and energy sector stability in the near term.

Tags: PIACPIAC Reports 25.9% Decline in Ghana’s Crude Oil Output for First Half of 2025

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