The director of an oil project in Ghana says that three offshore fields are expected to produce their first oil this week. Terry Hughes, director of the Tweneboa, Enyema and Ntomme fields known as TEN, said the fields off the country’s western coast have an estimated reserve of 300 million barrels over 20 years. He
Why Tullow Oil PLC is cutting expenditure elsewhere and focusing on exploration in East Africa
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future