Ghana to join oil producing countries next year
By Masahudu Ankiilu Kunateh, Ghanadot
Accra, Aug 2, Ghanadot - Ghana’s
quest to be an oil producing country is growing day by day,
as Tullow Ghana Limited, one of the companies involved in
oil exploration in the country, has reaffirmed its
commitment to start producing oil by the last quarter of
next year.
The company is expected to produce 120,000 barrels of oil a
day when it starts production.
The Vice-President of External Affairs and Corporate Social
Responsibility of Tullow Ghana, Ms Rosalind Kainyah, has
disclosed in Accra over the weekend.
Tullow Oil Plc is one of Europe's leading independent
exploration and production companies operating a balanced
worldwide portfolio which stretches across Africa, Europe,
South Asia and South America.
The company is a versatile and balanced group with a
portfolio of quality oil and gas assets managed by a team
with excellent technical, commercial and financial skills.
Its exploratory successes in the Jubilee and adjoining
fields have made Ghana one of Tullow's most important
concessions.
The company was committed to improving the lot of the people
in its area of operation to ensure that they led better
lives.
According to her, the company would not only provide
employment opportunities for the people, but also equip them
and small and medium enterprises (SMEs) with the requisite
training.
She explained that oil revenue would be used for the benefit
of the people and described the discovery of oil in the
country as a blessing.
Ms Kainyah said the company would engage in sound
environmental practices and indicated that its environmental
impact assessment (EIA) would be made public next week by
the Environmental Protection Agency (EPA).
Tullow has interests in two exploration licences offshore
Ghana - Deepwater Tano and West Cape Three Points.
Both blocks lie in deep water and in 2007 two successful
exploration wells located a substantial discovery which
straddles the boundary between the two blocks, known as the
Jubilee Field.
In 2008 an accelerated Jubilee appraisal and development
programme commenced on the field. The first appraisal well,
Mahogany-2, was drilled in May, followed by the Hyedua-2 and
Mahogany-3 wells at the end of2008.
The results from these wells indicated that Jubilee is a
continuous stratigraphic trap with combined hydrocarbon
columns in excess of 600 metres.
Ghanadot
