Prediction of Oil Depletion in Ghana Based on Hubbert's Model
Prediction of Oil Depletion in Ghana Based on Hubbert's Model

Author(s): Dennis Nchor, VÁCLAV KLEPÁČ
Subject(s): Business Economy / Management, Energy and Environmental Studies, Environmental and Energy policy
Published by: Masarykova univerzita nakladatelství
Keywords: hubbert's curve; hubbert's linearization; oil production; oil depletion; Ghana;
Summary/Abstract: This paper seeks to investigate the potential peak production of oil in Ghana beyond which declining production occurs. Ghana has over the years explored the possibilities of producing oil but major discoveries and subsequent commercial production began in 2010. As important as this resource is to the quest for economic transformation and diversification of the Ghanaian economy, its usage should also take into consideration challenges of depletion. This is so relevant given the fact that, the country needs to make plans that will cover the future generations.

• Details
• Contents