Audio By Carbonatix
The government wants oil explorer Tullow Oil to begin production at its deepwater oil discovery by 2009, a year earlier than the company's latest estimate.
"We are the government, we are going to sit with them and tell them to produce from 2009," Thomas Manu, director of exploration at the Ghana National Petroleum Corp (GNPC), told Reuters.
In early September, Tullow CEO Aidan Heavey said he expected first oil in 2010 or 2011.
Manu also said he hoped Tullow's Hyedua field, plus another deepwater field operated by Kosmos Energy, would be pumping about 60,000 barrels per day (bpd) from early 2009.
Tullow Oil has made discoveries in two deepwater Ghana blocks, Tano and West Cape Three Points, offshore the West African nation, which it now believes are likely linked and hold well over 1 billion barrels.
It has a 49.95 percent share in Deepwater Tano, while private-equity backed Kosmos Energy operates West Cape, where Tullow holds 22.9 percent.
U.S.-based Anadarko Petroleum is a partner in both.
Source: Reuters/GHP
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘When you become a multimillionaire for the first time, you think it is forever, but everything has seasons’ – A1 Diesel CEO Aldis Ozols
31 minutes -
‘When somebody says money doesn’t buy happiness, they just don’t know where to shop’ – CEO of A1 Diesel Aldis Ozols
3 hours -
From €17m empire to €7m debt: A1 Diesel CEO Aldis Ozols recounts rebuilding in Ghana after wife’s $50,000 jewellery sacrifice
3 hours -
CEO of A1 Diesel, Aldis Ozols, shares 4 ways to escape being suicidal when you lose everything
3 hours -
Gov’t to begin construction of new children’s hospital in Kumasi in January 2026 — KMA Boss
5 hours -
AFCON 2025: Broadcast rights holder unlocks special packages!
5 hours -
How to watch your favourite league match this weekend
5 hours -
Ghana can learn a lot from China to improve sports – Kofi Adams
5 hours -
In a World Racing for Rare Lithium, Ghana Must Not Run Blind
6 hours -
MPs call for deliberate national action to promote Highlife music after UNESCO recognition
7 hours -
Photos of Mahama with Kenya’s William Ruto
7 hours -
A Loud and Clear Message: ‘Boujie Mood’ is Mona 4Reall’s defiant reintroduction
7 hours -
BackStage Africa delivers crucial industry insights with ‘Basic Frameworks’ workshop
7 hours -
Accra Police arrest suspect with firearm, narcotics and stolen police items
7 hours -
Newmont Ahafo Development Foundation announces homecoming of scholarship beneficiaries
8 hours
