Ghana's oilfields is set to produce an additional 120,000 barrels per day to offset recent production decline, aiding the economy.

The Tweneboa, Enyenra, Ntomme (TEN) Oil Field, Greater Jubilee Southeast (JSE), and Pecan Development Project contribute to the increase.

Chief Director of the Ministry of Energy, Wihelmina Asamoah, reveald the JSE project to add 30,000 bopd, the TEN enhancement project to add 10,000 bopd, and Pecan development estimated to add 80,000 bopd.

Recent reports show declining crude oil production since 2020, but the new projects aim to reverse the trend and boost daily production.

The Ministry and its agencies support exploration contractors to accelerate well drilling.

Challenges arise from unfavorable market conditions and insufficient data on some basins, affecting investments in hydrocarbon exploration and production.

However, efforts to address data gaps are underway. The energy transition to green energies has also impacted oil and gas investments globally.