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| Another "Significant" Oil Find In Ghana |
8/22/2007 |
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Wednesday, 22 August 2007
Tullow Oil has made another "significant" oil discovery in Ghana, in a block adjacent to one where it made a big discovery in June, supporting investor hopes that the country will become a major profit centre for the firm. London-based Tullow said in a statement on Wednesday that the Hyedua-1 well discovered "a significant light oil accumulation", in the Deepwater Tano block, which Tullow operates and in which it has a 50 percent stake.
U.S.-based Anadarko Petroleum Corp and private-equity backed Kosmos Energy own 18 percent each. In June, the companies announced a significant discovery in the neighbouring West Cape Three Points block.
source:Reuters/GHP
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