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West Africa
Ghana
West Africa's second-largest economy and an orderly oil producer. Jubilee is a maturing brownfield with credible technology buyers.
The country today
Ghana has 35 million people and a GDP of roughly $80 billion. Proven oil reserves stand at approximately 3 billion barrels. The Ghanaian cedi has stabilised markedly from 2023–2024 lows.
Energy — oil and gas
Jubilee averaged 60.9 kbopd in 2025 with challenging water cut. Tullow plans six well completions in 2026. Tullow and Kosmos recently extended production licences for Jubilee and TEN until 2040. Pecan Energies is pursuing FID for the Deepwater Tano/Cape Three Points block.
The blue economy
Ghana's marine fisheries are the lifeblood of coastal communities. Aquaculture is nascent but expanding with tilapia and catfish. The Ministry of Fisheries is launching a Blue Food Innovation Hub with USD 10 million investment.
The Norwegian corridor
Norway maintains an embassy in Accra with modest development cooperation. Equinor has no producing interests. Aker Energy was acquired by Africa Finance Corporation in 2023. Entry via Tullow is plausible through UK industry contacts.
What Saga sees
Jubilee faces production decline driven by water cut. Tullow is the operator, credible and technology-receptive. A completion pilot at Jubilee would directly address operator pain and generate reference-customer value.
How we work
Saga maintains relationships with Tullow through industry contacts. We provide market entry strategy, technical diligence on Tullow and GNPC, and deal structuring.
At a glance
- Population
- 35 million
- GDP
- $80 billion USD (2025)
- Hydrocarbons
- Oil 3 bn barrels (Jubilee field)
- Principal NOC
- GNPC (Ghana National Petroleum Corporation)
- Norwegian footprint
- Embassy Accra, Norad (education, fisheries support), legacy Aker Energy ties
- Saga focus areas
- Jubilee water-shutoff and well-life extension, TEN field waterflood optimisation, Pecan Energies FID support
Related intelligence
- 2026-10-26 — Construction of 6-unit classroom block with 6-seater Toilet block at Gbalga Primary School
- 2026-10-25 — PIAC seeks additional data for assessment of petroleum revenue spending
- 2026-10-25 — Construction of 1No. 6-Unit Classroom Block with Office, Store, Library with 6-Seater Disability Friendly Toilet Facility and a Mechanised Borehole at Essumankrom
- 2026-10-24 — Ecuador Closes In on Ghana's Cocoa Crown
- 2026-10-24 — Côte d’Ivoire-Ghana: A Decade of Cocoa Cooperation in 10 Key Dates
- 2026-10-23 — Construction of CHPS Compound at Adigbo Tornu
- 2026-10-23 — Supply and Delivery of Vehicles
- 2026-10-23 — Ghana's Petroleum Regulator Calls for Overhaul of Governing Law
- 2026-10-23 — Construction of CHPS Compound and Nurses quarters at Liati Dafonu
- 2026-10-23 — Construction of CHPS at Leklebi Agbesia
- 2026-10-23 — Construction of a new Administration block for GES at Ve Golokuati
- 2026-10-22 — RMB CEO Alice Uwase Engages Ghana Gold Board on Knowledge Exchange
- 2026-10-22 — Procurement of Works for the Establishment of Shippers Complaint and Support Units and Support Units and other related works
- 2026-10-22 — 65. Phase I. Construction of the Ground Floor of a 2-Storey Office Complex for Ghana National Fire Service at Tishigu - Tamale.
- 2026-10-22 — Ghana Plans 800 New Telecom Sites, but Fiber Cuts, Theft and Power Outages Threaten Rollout
- 2026-10-22 — Ghana Orders New Measures to Protect Mineworkers’ Pay and Benefits
- 2026-10-22 — Supply of Network Connectivity Devices
- 2026-10-22 — Ghana signs a $28bn deal to expand the Jomoro petroleum hub
- 2026-10-22 — Mining Outsourcing: Worker Welfare Emerges as a Key Issue in Africa’s Local Content Reforms
- 2026-10-21 — Construction of Police Station and Staff Quarters
- 2026-10-21 — Construction of 1No. Maternity block and 1 No. Laboratory and Radiology block at Nkroful
- 2026-10-21 — Procurement of 8No. 4x4 Pickups Vehicles and 4No. Saloon Cars
- 2026-10-20 — 47. Drilling and Mechanization of 22No. Boreholes with Construction of Concrete Polytank Stand in Selected Communities
- 2026-10-20 — 46. Construction of 1No. Health Center and 1No. 3-Unit Quarters with Mechanized Borehole and Concrete Polytank Stand and Supply of Medical Equipment at Old Tafo
- 2026-10-20 — Ghana Secures $28 Billion Deal for Jomoro Oil Hub Despite Delays to First Phase
- 2026-10-20 — Ghana Targets Gradual Ban on Raw Mineral Exports by 2030
- 2026-10-20 — Construction of 1No 2-Storey 5No Bedroom for MCE’s Residence at Afiaman
- 2026-10-20 — Reading Room Furniture
- 2026-10-20 — Patrícia Agostinho honoured in Ghana and calls for a new phase in business relations between Angola and Ghana
- 2026-10-20 — Bauxite Refining: Ghana Plays Its Cards in the Shadow of Guinea’s Advances