The government wants oil explorer Tullow Oil to begin production at its deepwater oil discovery by 2009, a year earlier than the company's latest estimate.
"We are the government, we are going to sit with them and tell them to produce from 2009," Thomas Manu, director of exploration at the Ghana National Petroleum Corp (GNPC), told Reuters.
In early September, Tullow CEO Aidan Heavey said he expected first oil in 2010 or 2011.
Manu also said he hoped Tullow's Hyedua field, plus another deepwater field operated by Kosmos Energy, would be pumping about 60,000 barrels per day (bpd) from early 2009.
Tullow Oil has made discoveries in two deepwater Ghana blocks, Tano and West Cape Three Points, offshore the West African nation, which it now believes are likely linked and hold well over 1 billion barrels.
It has a 49.95 percent share in Deepwater Tano, while private-equity backed Kosmos Energy operates West Cape, where Tullow holds 22.9 percent.
U.S.-based Anadarko Petroleum is a partner in both.
Source: Reuters/GHP
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Listen to the Ghanaians – Prof. Yendaw tells ORAL team
5 minutes -
Election 2024: This is not the outcome NPP hoped for – Stephen Ntim
2 hours -
Ghanaian comedy shows held in 2024
8 hours -
Hohoe MP-elect vows to weaken NPP’s influence ahead of future elections
9 hours -
Women of Valour heads to Paris in 2025
9 hours -
Joseph Keys releases new single ‘Yonko Pa’
9 hours -
Human rights court declares New Nation School’s treatment of students as harsh
9 hours -
Polo Beach Club defies injunction on Dec. 22; noise concerns raised
10 hours -
I wish new leaders strength to rule Ghana – Akufo-Addo
10 hours -
Joseph Paintsil reflects on a stellar debut season with LA Galaxy
11 hours -
I urge security to take firm stance against post-election violence – Akufo-Addo
11 hours -
Akufo-Addo delivers Christmas message in final yuletide address to Ghanaians
11 hours -
Onion costs shoot up as traders lament scarcity of commodity
11 hours -
Registration for MPs-elect to begin on December 25
11 hours -
EC calls for stakeholders’ support to complete electoral processes
12 hours