BMI View: With initial output problems at the Jubilee field now largely resolved, the outlook for Ghana’s nascent status as an oil producer remains bright. Jubilee is expected to reach peak output in 2013, and anticipated first oil from the TEN project underlies our forecast for output gains. Although a number of discoveries remain under appraisal, the absence of a strong project pipeline means output will begin to slip at the end our forecast period. Delays to a project to capture associated gas from Jubilee are a cause for significant concern. The main trends and developments we highlight for Ghana’s …
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