PIAC Report: Operational setbacks push Ghana’s oil production to sharp decline

Ghana’s crude oil production fell sharply by 25.9% year-on-year in the first half of 2025, according to the Public Interest and Accountability Committee (PIAC).

The Committee’s 2025 Semi-Annual Report on petroleum revenue management revealed that total crude output from Ghana’s three producing offshore fields — Jubilee, Tweneboa-Enyenra-Ntomme (TEN), and Sankofa-Gye Nyame (SGN) — stood at 18.42 million barrels, down from 24.86 million barrels recorded during the same period in 2024.

PIAC attributed the decline primarily to operational shutdowns, natural reservoir decline, and scheduled maintenance activities across all three fields.

The Jubilee Field remained Ghana’s largest producer but also experienced the sharpest fall in output.

Production dropped by 32.8%, from 16.41 million barrels in the first half of 2024 to 11.02 million barrels in the same period of 2025.

Average daily output declined from 90,755 barrels per day (bbl/d) to 60,898 bbl/d.

PIAC explained that a planned shutdown from March 26 to 31, followed by continued maintenance works from April 1 to 8, significantly constrained operations. The field’s highest monthly output was recorded in January (2.40 million barrels), while April (1.27 million barrels) marked the lowest.

Production from the TEN Field also declined by 14%, falling from 3.45 million barrels in the first half of 2024 to 2.97 million barrels in 2025.

According to PIAC, the fall was due to a mini-shutdown for flare tip replacement and persistent reservoir performance issues. The highest monthly output was in March (0.51 million barrels), with May (0.45 million barrels) recording the lowest.

The Sankofa-Gye Nyame (SGN) Field saw the smallest decline among the three, with output falling 11.6% to 4.42 million barrels in the first half of 2025, compared to 5.00 million barrels in the same period last year.
Average daily production decreased from 27,600 bbl/d to 24,463 bbl/d.

PIAC linked the decline to intermittent operational disruptions and reservoir management challenges, though less severe than those affecting the Jubilee and TEN fields.

PIAC warned that continued declines in oil production could negatively affect petroleum revenue inflows and energy sector stability.

The Committee urged government and industry stakeholders to tackle operational inefficiencies, invest in reservoir maintenance, and attract new upstream investments to sustain production and safeguard Ghana’s petroleum revenues in the long term.