Stakeholders in Ghana’s energy sector are expressing optimism as Tullow Ghana and its partners resume drilling operations in the Jubilee Field. The two-year drilling campaign, which commenced in May 2025, signals a renewed phase of investment and confidence in the country’s oil and gas industry. This initiative is expected to boost oil production and improve operational efficiency in one of West Africa’s most prominent oil fields.
In an interview with Citi Business News, Benjamin Nsiah, Executive Director of the Centre for Environmental Management and Sustainable Energy, emphasized the potential economic benefits of the project.
“We have reason to be optimistic that, after drilling and evaluating these wells, we may discover commercially viable reserves,” Nsiah said. “If successful, this could lead to higher output, and since our revenues depend on both production levels and global market prices, it could provide a significant boost to Ghana’s upstream revenue.”
Nsiah also raised concerns about the current state of oil production in Ghana, pointing to a decline in recent years.
“Production has decreased over the last five years. We’re currently producing around 48 million barrels annually, compared to over 70 million barrels before,” he noted. “This highlights that the upstream sector is underperforming. Projects like Tullow’s drilling campaign are crucial, not only for boosting production but also for attracting more foreign direct investment.”
The resumption of drilling activities is widely seen as an important step in reversing the decline in production and revitalizing the sector.
