Tullow to invest €1.7bn in Ghana

Tullow Oil, a multinational explorer with partners including Anadarko Petroleum Corporation will invest $2.2bn (€1.7bn) next year to drill wells in Ghana’s Jubilee and Tweneboa-Enyenra- Ntomme oil fields.

“We will continue to invest in ongoing developments at Tweneboa- Enyenra-Ntomme as well as Jubilee,” Mark Macfarlane, deputy general manager of Tullow Oil Ghana, said in an interview in the capital of Accra.

The operator plans to drill two wells in the Tweneboa-Enyenra- Ntomme field and up to three at Jubilee, he said.

Ghana and the partners, also including Kosmos Energy, plan to invest $20bn over the next decade to boost crude oil output to 500,000 barrels a day.

West Africa’s second- largest economy produces about 103,000 barrels now. The Tweneboa-Enyenra- Ntomme project, valued at $4.9bn, will start production by the middle of 2016 and add 80,000 barrels of oil to daily production.


It’s 25 years since Toy Story first stunned us with its brilliance. Esther McCarthy looks back onJohn Lasseter’s masterpiece and why it’s regarded as a milestone of modern cinemaInfinity and beyond: How Toy Story altered movie history

All the wines recommended this week are available for delivery.Wine with Leslie Williams: Looking for a wine delivery service? Here are a few ...

Cystic Fibrosis is a difficult condition to manage at the best of times. Helen O’Callaghan talks to Jade Needham about managing it in lockdownCoping with Cystic Fibrosis during a crisis

Consumer advice with  Gráinne McGuinnessMaking Cents: Switching makes sense for all your household bills

More From The Irish Examiner