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Falling production, waning investment leave Ghana’s oil sector at a crossroads

March 18, 2024 Comments Off

Ghana’s path from commercial crude discoveries in 2007 to first production in 2010 occurred at lightning speed by industry standards. By 2019, the West African country was pumping roughly 200,000 b/d, fueling an economic boom and infrastructure-building spree. But output has since fallen amid underinvestment, insufficient exploration, occasional government intransigence, the coronavirus pandemic and the global energy transition, which has…