page_title: Ghana National Petroleum Corporation
section_title: Jubilee fields
hierarchical_section_title: Ghana National Petroleum Corporation / Jubilee fields
caption_attribution_description: Jubilee oil field of the Ghana National Petroleum Corporation (GNPC) and National Petroleum Authority.
context_page_description: The Ghana National Petroleum Corporation is the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.
context_section_description: The corporation announced in 2007 that the Petroleum Agreement signed in 2004 between Ghana represented by the Ministry of Energy and the Corporation, on the one hand, and Kosmos Energy HC and its partners had yielded in the discovery of oil in commercial quantities. Production of crude oil begun in December 2010. The country's oil fields are known as Jubilee fields and is situated at Cape Three Points in the Western region of the country. The corporation has controlling stake in all the oil wells that produce crude oil. In April 2011, GNPC confirmed that it had an initial 10% interest in a new oil discovery at the Paradise prospect offshore Ghana. The discovery was announced in April 2011 by Hess Corporation, a New York-based oil company. In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government royalties of 37,557 metric tonnes and accumulated GNPC's 13.75 per cent participating interest entitlement of 98,119 metric tonnes.
caption: Jubilee Oil Field of the Ghana National Petroleum Corporation (GNPC) and National Petroleum Authority located off the coast of the Western Region in Ghana in the South Atlantic Ocean.
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