Energy

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Chapter | Energy & Utilities from The Report: Ghana 2019

The discovery of large offshore oil reserves has had a significant impact on the national balance sheet, with shipments of crude oil representing the second-largest export category in 2017 after gold. Ghana is a relative newcomer to the global hydrocarbons industry, and with proven oil reserves of around 660m barrels and an output of about 126,000 barrels per day, it is a small producer by...

Ghana continues to be one of the most stable countries in sub-Saharan Africa and has developed substantially over the years. Now one of Africa’s fastest-growing economies, the country is starting to move away from traditional resource dependency. However, it faces the challenge of ensuring the widest benefit from that expansion, given its growing and increasingly urbanised population.

In order to meet rising domestic demand and free up oil for export, Kuwait is increasing investment in solar energy, providing opportunities for technology and service providers.

The private sector is accelerating efforts to meet rising energy demand in the Philippines, with liquefied natural gas (LNG) import and processing capacity being fast-tracked as domestic supplies dwindle.

 

How advanced is the development of the newly-announced oil and gas finds?

 

In early September 2017 Bahrain’s state-backed hydrocarbons entities made a major new tight oil and gas find in the Khaleej Al Bahrain basin. The discovery, which covers more than 6000 sq km, contains probable reserves of around 81bn barrels of oil and 14trn standard cu feet of associated gas.

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