Basic Overview of Ghana’ s Emerging Oil Industry by Thomas Kastning for FES Ghana Table of Contents 1. Introduction............................................................................................................................ 3 2. Technical Facts....................................................................................................................... 3 2.1 Where is the Oil?.............................................................................................................. 3 2.2 How much Oil is there?.................................................................................................... 4 2.3 What are the Facilities of the Jubilee Field?..................................................................... 5 2.4 The Quality of the Oil........................................................................................................ 6 3. Economical Facts.................................................................................................................... 8 3.1 Who Owns the Oil?........................................................................................................... 8 3.2 Which Major Companies Are Involved?........................................................................... 9 3.2.2 Kosmos Energy........................................................................................................... 9 3.2.3 Anadarko Petroleum Corporation............................................................................ 10 3.2.4 Ghana National Petroleum Corporation.................................................................. 11 3.2.5 EO Group.................................................................................................................. 11 3.3 Possible Rewards from the Jubilee Field........................................................................ 12 3.3.1 The Used Parameters............................................................................................... 13 4. The Oil Policy of the Government of Ghana........................................................................ 16 4.1 Transparency Measures................................................................................................. 16 4.2 The‘Petroleum Revenue Management Bill’................................................................... 17 5. Concluding Remarks............................................................................................................. 17 Publication Bibliography.......................................................................................................... 18 1