GNPC lifts first crude oil from Jubilee field

The Ghana National Petroleum Corporation (GNPC), the state-owned petroleum company and stakeholder in the Jubilee oil field has lifted its first crude oil from the field.

Confirming the story to ghanabusinessnews.com on phone today March 10, 2011, Mr. Thomas Manu, the Director of Exploration and Production at the GNPC, said GNPC lifted over 995,000 barrels of crude oil. He also indicated that the oil will be refined by Sunoco Incorporated, one of the largest independent petroleum and petrochemical products refiners in the United States.

The GNPC has 10% carried interest in Jubilee.

Ghana found oil in June 2007. Commercial production began on December 15, 2010.

The CEO of GNPC Nana Boakye Asafu-Adjaye told the media at a press conference in Accra that since production began 3.6 million barrels of oil have been shipped out of the country.

Source: ghanabusinessnews.com