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.


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