Tag: Deepwater Exploration

Early assessments suggest the reserves could rival the Jubilee field, which transformed Ghana’s oil sector in 2010.
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Ghana moves to take control of 1.5 billion-barrel oil asset

At a Glance Ghana is preparing to take direct control of one of its most valuable undeveloped deepwater oil assets, the WCTP2 block. Holding more than 1.5 billion barrels of oil and roughly 1.2 trillion cubic feet of gas, the block is estimated by analysts to be worth over $3 billion. The government sees the move as a way to…

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