answersLogoWhite

0

I have provided several links related to the oil discoveries in Ghana. I have tried to avoid government announcements which can be overly optimistic, and have instead used the announcements and presentations of the operator, Tullow Oil.

When oil is first discovered, an initial calculation must be made of the recoverable oil to see if preliminary economics justifies additional drilling. These estimates are subject to revisions, up and down as the field is being delineated.

From releases from Tullow Oil, reserves in newly discovered fields may exceed one billion barrels. The rate of production will depend on the number of wells and the production capacity of each well. In some countries, the government can impose allowables, or maximum rate of production. I don't know if this is the case for Ghana.

Tullow Oil has not stated for how long they expect the newly discovered fields will last, and any estimate is likely to be very inaccurate. The production profile will have three stages, an initial ramping up as new wells are tied into production facilities, a plateau period, and a long period of decline. I've worked out a number of scenarios, which would put a productive life in terms of decades rather than centuries. For one billion barrels of reserves, a productive life is probably less than 100 years if the wells are high capacity. In deep water, high capacity wells (>5,000 BOPD) are usually a necessity. Production will go to a floating production station, which will have some capacity restrictions.

The delineation and subsequent exploration may further revise estimates of recoverable oil. Tullow seems quite willing to share with the public their information, so I would advise that you continue to visit their website or search the web for new releases.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How long does crude oil last?

There is no set period for how long crude oil lasts as it is a non-renewable resource. The amount of crude oil available depends on factors such as extraction rates, demand, and new discoveries. However, at current consumption rates, it is estimated that global crude oil reserves will last for several decades.


How long will crude oil last?

30 years give or take a fue


What is the sustainability of crude oil?

This is the possibility to extract crude oil for long time.


How long will it take to wire transfer from US to Ghana?

How long will it take to do international wire transfer from US to Ghana


How long has Ghana existed?

Ghana got its independence from the United Kingdom in 1957.


How long did Britain rule Ghana?

The British took over Ghana in 1921


How long to fly from St. Louis Missouri to accra Ghana?

How long is the flight from Saint Louis Missouri to Accra Ghana


How long will petrol last?

Hopefully just long enough for us to wise up and stop using it. A good portion of crude oil is used directly for chemical production, that will be the hardest one to do without.


Did mali empire lasted twice as long as the Ghana empire?

Yes, the Mali Empire lasted longer than the Ghana Empire. The Ghana Empire, which peaked between the 9th and 11th centuries, lasted for about 300 years, while the Mali Empire flourished from the 13th to the 16th centuries, lasting roughly 400 years. Thus, the Mali Empire did last approximately one and a third times longer than the Ghana Empire, but not quite twice as long.


How long does it take from Arizona phoenix to Ghana?

To dam long


How long is Christmas in Ghana?

on the 20th of december


How long does it take to get to Ghana?

11 hours