First oil from the Jubilee South East oil field project is ordered by the president and Akufo Addo

President Nana Akufo-Addo officially launched the Jubilee South East (JSE) Project, a joint venture between Tullow, the Ghana National Petroleum Company (GNPC), Kosmos Energy, Jubilee Oil Holdings Limited, and Petro SA, on Friday, September 8, 2023. Jubilee-South-East-Oil-Field-Project-1 President Akufo-Addo emphasized how the Jubilee field plan, which aims to increase oil output from the field's eastern side, is consistent with the South East Project's success. By the end of the year, Ghana wants to sustain production levels at or above 100,000 barrels per day from the Jubilee field, which required a combined expenditure of almost US$1 billion. With an estimated 300 million barrels of oil in the Jubilee field, the nation's prospective prospects are considerably boosted. The expansion of the TEN field, which contains significant gas reserves, is essential for Ghana's natural gas production and the stability of the country's power sector in the coming years, the President added, underscoring the government's determination to entice more investments from partners in the project. Jubilee-South-East-Oil-Field-Project-8 Jubilee-South-East-Oil-Field-Project-6 President Akufo-Addo acknowledged discussions about using domestic natural gas to support the country's power sector and pledged that the government would move discussions along and come to an agreement on terms for a combined gas sales agreement between Tullow, its Joint Venture Partners, and the government. Such an agreement would boost the use of natural gas for domestic purposes, promote higher success and revenue creation in the sector, and drive the expansion of connected enterprises. This action is thought to be crucial in supplying around half of Ghana's needs for electricity generation. OTHER STORIES Candidate for the WASSCE stripped bare The government would spend GHC 1 million to remove toll booths off the Accra-Tema highway. Who is Ghana’s top YouTuber, and how much money do they make each month? Even with Jesus running for president, NPP will fall short – Kumchacha HON. PRINCE KWADWO ADDO TABIRI PC AND THE ENTIRE CONSTITUENCY CONGRATULATE HON. MARGARET ANSEI (MAGOO) AND HON AMANDA OKYERE KWATIA

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