Ghana discovers more oil
By Kofi Ahovi
There has been a new discovery of crude oil in the Dzata field offshore the West Cape Three Points area.
According to an announcement made by Ghana National Petroleum Corporation (GNPC), the discovery is quite different from the Jubilee Fields discovery where crude oil production is expected to commence later this year.
Russia’s second biggest oil producer OAO Lukoil, together with GNPC and Vanco Energy of the US, own the field where the discovery was made. Lukkoil has 56.66% stake in the find, while US Vanco holding holds 28.34% and GNPC 15% stake.
However, further appraisal work needs to be done to establish a fair estimate of crude oil contained in the field, which will also enable them to design a plan of action to drill the oil.
The total area of the block is about 5,200 square kilometers, while the water depth within the block ranges from 200 meters to 3,000 meters. The Dzata-1 structure lies at a depth of almost 2 kilometers.
Ghana is at the threshold of becoming a significant oil producing country when commercial production of oil begins in the last quarter of 2010 with initial production capacity of 200,000 barrels per day.
It has the largest oil field discovered in West Africa within the last 10 to 15 years, the Jubilee oil field has 17 wells.
By Kofi Ahovi
There has been a new discovery of crude oil in the Dzata field offshore the West Cape Three Points area.
According to an announcement made by Ghana National Petroleum Corporation (GNPC), the discovery is quite different from the Jubilee Fields discovery where crude oil production is expected to commence later this year.
Russia’s second biggest oil producer OAO Lukoil, together with GNPC and Vanco Energy of the US, own the field where the discovery was made. Lukkoil has 56.66% stake in the find, while US Vanco holding holds 28.34% and GNPC 15% stake.
However, further appraisal work needs to be done to establish a fair estimate of crude oil contained in the field, which will also enable them to design a plan of action to drill the oil.
The total area of the block is about 5,200 square kilometers, while the water depth within the block ranges from 200 meters to 3,000 meters. The Dzata-1 structure lies at a depth of almost 2 kilometers.
Ghana is at the threshold of becoming a significant oil producing country when commercial production of oil begins in the last quarter of 2010 with initial production capacity of 200,000 barrels per day.
It has the largest oil field discovered in West Africa within the last 10 to 15 years, the Jubilee oil field has 17 wells.
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