Audio By Carbonatix
Lukoil, Russia’s second-largest oil producer, has made a discovery at Ghana’s offshore Cape Three points project, according to a person with direct knowledge of the development.
The company has 90 days to evaluate the find and decide what the next step is, said the person, who asked not to be identified because the information isn’t public yet.
Lukoil spokesman Vitaly Matushkin declined to comment when reached by phone.
Government and its partners, including Tullow Oil Plc and Anadarko Petroleum Corp., plan to spend $20 billion in the next decade to boost oil production to 500,000 barrels a day.
Ghana produces about 100,000 barrels a day now.
If commercially viable, the Lukoil find would be Ghana’s fifth planned offshore field.
Latest Stories
-
Charles Sampson demands more confidence in front of goal from Black Princesses
1 minute -
‘We have shaken it up’ – Sampson says Black Princesses ready to redeem themselves
7 minutes -
Herbert Mensah takes Africa’s sports economy case to the UN General Assembly Week in New York
33 minutes -
Parrott scores again as Betis beat 10-man Lille
3 hours -
Mbappe goes joint-fifth in the list as real Madrid beat Inter Milan
3 hours -
Police arrest suspects over murder, bank robberies, gold-related attacks
3 hours -
Pragyia rider gets three months prison term for biting Police Assistant
4 hours -
Palm wine tapper jailed for stabbing farmer
4 hours -
Travel and tour agent remanded over GH¢107,000 recruitment scam
4 hours -
Taxi rank executives arrested over alleged attempted murder
4 hours -
Galamsey operator who posed as pastor to defile student jailed 15 years
4 hours -
Court sentences pub owner, shop attendant for selling expired food, sanitary offences
5 hours -
Mac Allister ‘sad’ at no Liverpool contract offer
5 hours -
Ghana pays $3.5m to University of Memphis over scholarship debt
5 hours -
Fidelity Bank champions value chain approach to unlock Ghana’s agricultural potential
5 hours