Offshore Oil: Tullow eyes Ghana Assets

MarineLink
Thursday, May 31, 2018

Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said.

Tullow is leading two operations offshore Ghana, including the country's flagship 100,000 barrel-per-day Jubilee field, which began commercial production in late 2010.
Ghana's energy ministry said this month it would award nine new upstream oil blocks for commercial exploration off its coast beginning this year.
"We as a company want to consolidate our presence in Ghana after our investments in Jubilee and TEN (Tweneboa, Enyenra, Ntomme). We don't want to stop there but keep growing," McDade told reporters in Accra, where he was meeting investors.
"We'd like to go and look at the new licenses being opened, we'd look at them from a geological point of view and if we find them attractive, you'd find us bidding for them," he said.
Tullow has given up plans to reduce its stake in its TEN field which came on stream two years ago because the need for raising capital from the sale no longer existed, McDade said.
(Reuters reporting by Kwasi Kpodo Editing by Edmund Blair and Adrian Croft)
Categories: Contracts Energy Offshore Energy People & Company News

Related Stories

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

SBM Offshore, SLB to Optimize FPSO Performance Using AI

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Floating Offshore Wind Test Center Planned for Japan

PXGEO Nets First Seismic Survey off Malaysia

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

China Rolls Out 17MW Floating Wind Turbine Prototype

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com