Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Frontier Exploration Areas in Africa

Since the discovery of the giant Jubilee field in 2007, Ghana has emerged as a lucrative region for oil exploration and production. Following the discovery, Tullow Oil and its partners have drilled a number of successful exploration and appraisal wells in the country. Tullow Oil recently announced a new discovery (Owo) in Ghana, making it the company’s third major field in the country after Jubilee and Tweneboa.The fist oil from Jubilee field is expected in November-December 2010, establishing Ghana as a significant oil producing nation. Following a period of testing, production will gradually increase over approximately six months to plateau at 120,000 barrels of oil per day (bopd). The field will also produce approximately 12 million cubic feet per day (MMcfd) of natural gas.

The increasing number of oil and gas discoveries in Uganda has proved that there are significant hydrocarbon reserves in the country. Tullow Oil has drilled approximately 30 wells in the country (up to July 2010), from Kingfisher-1 in the south to Buffalo-1, 150 km to the north. All but one of these wells have encountered oil and gas.

For further details, please click or add the below link to your browser:

http://www.globaldata.com/reportstore/Report.aspx?ID=Frontier-Exploration-Areas-in-Africa-Analysis-of-Upstream-Fiscal-Policies-and-Exploration-Development-Plans-of-Key
Companies&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and_Utilities

The acquisition of Heritage Oil’s interest by Tullow Oil in July 2010 has made Tullow Oil the sole owner of blocks 1, 2 and 3A. Tullow Oil has entered into an agreement with CNOOC and Total S.A. to farm its interest in the three Ugandan assets. The entry of these two major oil companies in Uganda’s upstream sector will attract more investments leading to a faster development of the country’s hydrocarbon reserves.

Presently, Uganda does not produce any crude oil but its crude oil production is expected to begin during the last quarter of 2010 (through extended well tests). With the latest well drilled in the country, total discovered resources in Uganda have reached approximately 1 billion barrels. Production in the country is expected to reach in excess of 200,000 bopd by 2014/2015.

GlobalData’s new report “Frontier Exploration Areas in Africa – Analysis of Upstream Fiscal Policies and Exploration & Development Plans of Key Companies” analyzes the major frontier areas in Africa in terms of exploration and development. The countries covered in the report include Ghana, Uganda,Madagascar, Tanzania, Mozambique, Kenya, Namibia, Liberia, Ethiopia and the Seychelles. The report provides an overview of the upstream sector in these countries detailing the major sedimentary basins in

these countries and the previous licensing rounds information. The report also provides details of the key fiscal terms in each country. It details information on the exploration blocks awarded, historical wells drilled and current exploration and development activities in the upstream sector of these countries. It also provides details of operations of key companies in each country covered in this report.
http://www.jazzou.com/index.php?option=com_content&task=view&id=11335

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar