Valuation of the Jubilee Field Phase-1 estimates that Ghana will receive $5.8 billion over a 20 year period starting from 2011. This is equivalent
to $290 million annually. Maximum revenue will be generated in the 1st three years of production from 2011 and potentially declining after year
3 as reservoir(s) are depleted. However jubilee phase-2 may extend this period and increase ultimate recovery.

 This article focuses on Jubilee Field Phase-1 valuation only and examines the benefits accruing to Ghana from Phase-1 of the Jubilee Field.
Other Oil & Gas projects such as Jubilee Phase-2, Tweneboa, Odum, Teak, Onyina, Walnut, Banda, among others in the West Cape Three
Points and Deepwater Tano blocks as well as other blocks are still at the exploration and appraisal stages; key technical facts are not publicly
available.  
 
Best practice in Oil and Gas (O&G) valuation involves modelling individual O&G projects and then combining these individual models to arrive
at the final valuation.
The TOTAL revenue accruing to Ghana from the entire Oil & Gas sector (all exploration blocks) will be estimated in the future as events unfold
and technical facts made available publicly.  

Click here to download the full article...

Credit: Jacob Hobenu

This e-mail address is being protected from spambots. You need JavaScript enabled to view it