{"id":6231,"date":"2024-11-18T02:12:51","date_gmt":"2024-11-18T02:12:51","guid":{"rendered":"https:\/\/newsguideafrica.com\/?p=6231"},"modified":"2024-11-18T02:12:51","modified_gmt":"2024-11-18T02:12:51","slug":"third-quarter-oil-production-peaks-at-633300-barrels-since-2010","status":"publish","type":"post","link":"https:\/\/newsguideafrica.com\/wp-admin\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/","title":{"rendered":"Third quarter oil production peaks at 633,300 barrels since 2010"},"content":{"rendered":"
\"\"
oil production<\/figcaption><\/figure>\n

 <\/p>\n

Ghana\u2019s cumulative crude oil production has reached 633,300 barrels since the country began extracting oil in 2010, according to the Public Interest and Accountability Committee (PIAC).<\/p>\n

 <\/p>\n

This production total spans through July 2024 and represents output from the Jubilee Oil Field, Sankofa\/Gye Nyame, and the TEN Fields.<\/p>\n

 <\/p>\n

PIAC Coordinator Isaac Dwamena shared the latest production figures, showing variable growth over the years.<\/p>\n

 <\/p>\n

Ghana initially produced 10.7 million barrels in 2011, rising to 18.9 million barrels by 2013.<\/p>\n

 <\/p>\n

Production peaked in 2019 at 34.3 million barrels before beginning a decline to 22.5 million barrels in 2023.<\/p>\n

 <\/p>\n

As of July 2024, Ghana had already produced 24.9 million barrels for the year.<\/p>\n

 <\/p>\n

Oil revenues over this period totalled $10.69 billion, with earnings derived from taxes such as Carried and Participating Interest (CAPI), Surface Rentals, the Petroleum Holding Fund (PHF), Corporate Income Tax (CIT), and other income.<\/p>\n

 <\/p>\n

In 2012, Ghana\u2019s first full year of oil production, the country earned $327.2 million, climbing to $596.1 million in 2013.<\/p>\n

 <\/p>\n

However, revenue dropped between 2014 and 2016, falling as low as $126.4 million.<\/p>\n

 <\/p>\n

A gradual revenue recovery began in 2017, reaching $463.6 million in 2018.<\/p>\n

 <\/p>\n

By 2020, annual earnings rose to $638.6 million, with 2022 marking a peak of $731.9 million.<\/p>\n

 <\/p>\n

Despite a slight dip in 2023 to $540.5 million, Ghana experienced a notable revenue increase in the first half of 2024, recording $840.8 million\u2014the highest half-year revenue since production began.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Ghana initially produced 10.7 million barrels in 2011, rising to 18.9 million barrels by 2013.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,8],"tags":[1780,1781,1055],"class_list":{"0":"post-6231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-minerals-and-energy","7":"category-news","8":"tag-isaac-dwamena","9":"tag-oil-production","10":"tag-oil-revenue"},"yoast_head":"\nThird quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Third quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa\" \/>\n<meta property=\"og:description\" content=\"Ghana initially produced 10.7 million barrels in 2011, rising to 18.9 million barrels by 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/\" \/>\n<meta property=\"og:site_name\" content=\"News Guide Africa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-18T02:12:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg\" \/>\n<meta name=\"author\" content=\"Adnan Adams\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adnan Adams\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/\"},\"author\":{\"name\":\"Adnan Adams\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#\\\/schema\\\/person\\\/6dfb60e1e4289069dae55f1da8f02cfc\"},\"headline\":\"Third quarter oil production peaks at 633,300 barrels since 2010\",\"datePublished\":\"2024-11-18T02:12:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/\"},\"wordCount\":237,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG_0359.jpeg\",\"keywords\":[\"Isaac Dwamena\",\"Oil production\",\"Oil revenue\"],\"articleSection\":[\"Mining & Energy\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/\",\"url\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/\",\"name\":\"Third quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG_0359.jpeg\",\"datePublished\":\"2024-11-18T02:12:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#primaryimage\",\"url\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG_0359.jpeg\",\"contentUrl\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG_0359.jpeg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/newsguideafrica.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Third quarter oil production peaks at 633,300 barrels since 2010\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#website\",\"url\":\"https:\\\/\\\/newsguideafrica.com\\\/\",\"name\":\"News Guide Africa\",\"description\":\"Guiding The Ethics of News Reporting\",\"publisher\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/newsguideafrica.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#organization\",\"name\":\"News Guide Africa\",\"url\":\"https:\\\/\\\/newsguideafrica.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/project_20220315_2147174-01.png\",\"contentUrl\":\"https:\\\/\\\/newsguideafrica.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/project_20220315_2147174-01.png\",\"width\":2048,\"height\":2048,\"caption\":\"News Guide Africa\"},\"image\":{\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/newsguideafrica.com\\\/#\\\/schema\\\/person\\\/6dfb60e1e4289069dae55f1da8f02cfc\",\"name\":\"Adnan Adams\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g\",\"caption\":\"Adnan Adams\"},\"sameAs\":[\"https:\\\/\\\/newsguideafrica.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Third quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/","og_locale":"en_US","og_type":"article","og_title":"Third quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa","og_description":"Ghana initially produced 10.7 million barrels in 2011, rising to 18.9 million barrels by 2013.","og_url":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/","og_site_name":"News Guide Africa","article_published_time":"2024-11-18T02:12:51+00:00","og_image":[{"url":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg","type":"","width":"","height":""}],"author":"Adnan Adams","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adnan Adams","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#article","isPartOf":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/"},"author":{"name":"Adnan Adams","@id":"https:\/\/newsguideafrica.com\/#\/schema\/person\/6dfb60e1e4289069dae55f1da8f02cfc"},"headline":"Third quarter oil production peaks at 633,300 barrels since 2010","datePublished":"2024-11-18T02:12:51+00:00","mainEntityOfPage":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/"},"wordCount":237,"commentCount":0,"publisher":{"@id":"https:\/\/newsguideafrica.com\/#organization"},"image":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#primaryimage"},"thumbnailUrl":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg","keywords":["Isaac Dwamena","Oil production","Oil revenue"],"articleSection":["Mining & Energy","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/","url":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/","name":"Third quarter oil production peaks at 633,300 barrels since 2010 - News Guide Africa","isPartOf":{"@id":"https:\/\/newsguideafrica.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#primaryimage"},"image":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#primaryimage"},"thumbnailUrl":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg","datePublished":"2024-11-18T02:12:51+00:00","breadcrumb":{"@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#primaryimage","url":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg","contentUrl":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2024\/11\/IMG_0359.jpeg"},{"@type":"BreadcrumbList","@id":"https:\/\/newsguideafrica.com\/third-quarter-oil-production-peaks-at-633300-barrels-since-2010\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newsguideafrica.com\/"},{"@type":"ListItem","position":2,"name":"Third quarter oil production peaks at 633,300 barrels since 2010"}]},{"@type":"WebSite","@id":"https:\/\/newsguideafrica.com\/#website","url":"https:\/\/newsguideafrica.com\/","name":"News Guide Africa","description":"Guiding The Ethics of News Reporting","publisher":{"@id":"https:\/\/newsguideafrica.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newsguideafrica.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/newsguideafrica.com\/#organization","name":"News Guide Africa","url":"https:\/\/newsguideafrica.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newsguideafrica.com\/#\/schema\/logo\/image\/","url":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2022\/02\/project_20220315_2147174-01.png","contentUrl":"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2022\/02\/project_20220315_2147174-01.png","width":2048,"height":2048,"caption":"News Guide Africa"},"image":{"@id":"https:\/\/newsguideafrica.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/newsguideafrica.com\/#\/schema\/person\/6dfb60e1e4289069dae55f1da8f02cfc","name":"Adnan Adams","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e33c9164dec5ce7628c65d0f5d9b2a82483aa3406cd207e38aaead9446dc9e70?s=96&d=mm&r=g","caption":"Adnan Adams"},"sameAs":["https:\/\/newsguideafrica.com\/"]}]}},"_links":{"self":[{"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/posts\/6231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/comments?post=6231"}],"version-history":[{"count":1,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/posts\/6231\/revisions"}],"predecessor-version":[{"id":6233,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/posts\/6231\/revisions\/6233"}],"wp:attachment":[{"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/media?parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/categories?post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsguideafrica.com\/wp-admin\/wp-json\/wp\/v2\/tags?post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}