LogIn LogOut

Offshore Oil: Tullow eyes Ghana Assets

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)


Current News

KrisEnergy Gets Kepinvest Support to Bring Cambodia Offshore Oil Project Online

KrisEnergy Gets Kepinvest Support to Bring Cambodia Offshore Oil Project Online

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Recruitment Firms Fircroft, NES Global Talent Set to Merge

DOF Subsea Nets Two APAC Gigs

DOF Subsea Nets Two APAC Gigs

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Keppel Offshore & Marine Clinches $146,5M in New Orders

Keppel Offshore & Marine Clinches $146,5M in New Orders

Seafox Pushes to Oust GMS Directors

Seafox Pushes to Oust GMS Directors

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