The power balance in Africa's crude oil production landscape is set to shift in the near future as a number of new oilfields come online.Crude oil has in recent years been discovered in many countries such as Sierra Leone, São Tomé & Príncipe and Ethiopia but it is currently the nations of Ghana and Uganda that are attracting the most attention.
Ghana
Ghana's offshore Jubilee Field, situated approximately 60 kilometres from the mainland is thought to have oil reserves of 1.8 billion barrels as well as significant gas deposits. Production is expected to start in the fourth quarter of 2010.
In video: Ghana Pending Oil Wealth
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'The big story for Ghana is that oil production will start [soon], and that will lead to quite a substantial increase in output,' says Peter Allum, the International Monetary Fund's mission chief to the country.
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