Ghana Achieves 30% Increase in Crude Output as Jubilee Partners Advance Development Campaign

Ghana’s offshore sector is shifting from license negotiations to new drilling and long-term development, with Minister of Energy and Green Transition John Abdulai Jinapor announcing at African Energy Week (AEW) 2026 that national crude oil production has increased by 30%. The milestone reverses five years of sustained decline and follows a $2 billion memorandum of understanding signed with Jubilee partner Kosmos Energy in 2025. The Jubilee and TEN agreement – covering license extensions to 2040 – kickstarted a development campaign targeting incremental investment and higher volumes of affordable gas for domestic power generation, with an amended Jubilee development plan covering up to 20 additional wells. “Since then, we have started work and have transformed that into a tangible agreement. We have approved the plan of development, with real work commencing. All this is measured in terms of volumes in oil output. We have seen a continued systematic decline in oil output over the past five years. But this year, I am happy to announce that oil production has increased by about 30%,” Minister Jinapor said in the AEW 2026 opening fireside chat. Kosmos’s August results reported that the

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