Blog > Driving Ghana’s Oil & Gas Future with Smart Finance and Operations
Ghana’s oil and gas industry is entering a new era of accelerated growth. With $2 billion committed to field development in the Jubilee and TEN blocks, a planned 20 new wells, and major infrastructure projects like the Tema FLNG terminal and Atuabo II gas processing expansion, the country is poised to become a regional energy powerhouse.
But rapid expansion brings new levels of complexity especially in managing capital intensive joint ventures, ensuring transparent cost recovery, and maintaining operational control across dispersed field assets.
That’s where Lumos 365 comes in.
The extension of Ghana’s flagship offshore licences through 2040 involves a consortium of global players Tullow Oil, Kosmos Energy, GNPC, PetroSA, and Explorco. With overlapping responsibilities, billions in shared investment, and long development cycles, accurate Joint Venture (JV) accounting is essential.
Lumos 365 is built to handle this level of complexity. It provides:
-> Automated AFE (Authorisation for Expenditure) workflows
-> Transparent cutback and cost recovery processes
-> Real-time JV billing and partner reporting
This ensures that each dollar spent on the Jubilee or TEN fields is traceable, recoverable, and correctly allocated streamlining audits and reinforcing trust between partners.
As Ghana expands its natural gas production to 130 million standard cubic feet/day, projects like Atuabo II and Tema FLNG require precise coordination across procurement, engineering, and field maintenance.
With Lumos 365, operators gain an integrated view of:
-> Purchase orders, contracts, and RFQs
-> Spare parts inventory across sites
-> Maintenance scheduling for gas plants, FPSOs, and pipelines
Rather than relying on spreadsheets or disconnected systems, companies can unify their workflows ensuring critical components are procured on time, equipment is serviced proactively, and downtime is minimised.
The Ghana Petroleum Commission has emphasised transparency and governance as it unlocks 1.1 billion barrels of oil and 2.1 Tcf of gas across 17 upcoming projects.
Lumos 365’s reporting and dashboarding tools help operators and regulators stay aligned.
Whether it’s monitoring CAPEX on the Pecan Phase 1A project or tracking JV contributions, the platform provides:
-> Custom dashboards for financial and operational KPIs
-> Instant visibility into budget vs actuals
-> Audit ready records for internal and external review
In a high stakes, high scrutiny environment, this level of oversight is not just helpful it’s critical.
From offshore drilling campaigns to onshore Voltaian Basin exploration, Ghana’s oil & gas developments span remote, diverse geographies. Lumos 365 is designed to support this reality.
-> As a cloud native platform, it enables secure, real-time access from anywhere rigs, offices, or field sites.
-> Its modular structure means it can scale as projects grow from pilot phases to full-scale production.
-> Role based approvals and workflows ensure that compliance and governance are maintained at every level.
This flexibility makes it the ideal solution for operators, service companies, and national entities looking to build efficiently while maintaining full operational control.
As Ghana commits to long term production from Jubilee and TEN, accelerates infrastructure at Atuabo II and Tema, and launches new field exploration, the need for integrated, agile, and transparent finance and operations systems has never been greater.
Lumos 365 delivers the platform for this next chapter supporting financial discipline, field efficiency, regulatory compliance, and stakeholder trust, all in a single cloud based solution.
If you’re part of Ghana’s energy future, Lumos 365 is the platform to help power it.
Please contact hello@lumos365.com for further information.
