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The state-owned Ghana National Petroleum Corporation (GNPC) on Friday announced that another oil discovery has been made in the West African state. In said in a statement issued in Accra that the Wawa-1 exploration well, located in the DeepwaterTano (DWT) Block offshore Ghana, discovered 20 metres (65 feet) of gas-condensate column and 13 metres (42 feet) of oil. Samples of oil recovered from the well indicate that it was of ‘high quality of API values of between 38 and 44 degrees’. GNPC said pressure data indicated the Wawa discovery was separate and distinct from the adjacent Tweneboa, Enyenra and Ntomme (TEN) cluster of discoveries. It said further evaluation of this well would be conducted after which the well would be suspended for possible future use in appraisal and development operations. According to Mr. Thomas Manu, Director of Exploration and Production at GNPC, “the Wawa discovery is a confirmation of the prospectivity of the offshore Western Basin. The discovery has enhanced the value of the TEN (Tweneboa, Enyenra and Ntomme) complex, for which the plan of development is currently being discussed among the partners.’ He hinted that further exploration drilling is planned within the block before the end of the year. GNPC has 10 percent carried interest in the DeepwaterTano Block and has the option to acquire additional paying interest of 5 per cent upon declaration that the discovery is commercial. The other Partners in the Block include Tullow Oil plc (49.95 percent working interest and operator), Kosmos Energy (18 per cent working interest), Anadarko (18 per cent working interest) and Tano Block Sabre Oil & Gas Holdings Ltd (4.05 per cent working interest). |
The ongoing Takoradi Port Expansion Project has already started attracting investments into the Port’s Oil & Gas enclave as the Ghana Ports & Harbors Authority(GPHA) works to position the Takoradi Port as a major maritime services support hub along the west coast of Africa. COX OIL, a Texas based oil and gas company has announced plans to build a $600 million state of the art oil refinery plant at the Takoradi Port area. The project would come with the associated infrastructure required the West African sub-regional market. Chris Wilmot, CEO of Takoradi Oil Refinery Company Limited, the project sponsors, and Brad Cox and Craig Sanders, Chairman and CEO respectively of COX OIL the investors, paid a working visit to the port on Tuesday July 29, 2014 and met with the Director General of the Ghana Ports & Harbors Authority and other stakeholders at the proposed project site. According to the investors, Takoradi port was chosen as the site of their new refinery for obvious strategic reasons, chief among them is the existing infrastructure at the port and the ongoing expansion program that GPHA has embarked upon to improve the port. In a statement, CEO of COX Oil, Craig Sanders said “all the necessary ingredients for a win–win situation are here at the Takoradi port. You have an active operating port with ready and easy access to receive your feedstock and ship your products, the rail line and road networks terminates right at the port, the safety of our operations in a special designated zone is assured, the security of tenor of the land on which the refinery would be built is assured by our long term lease with GPHA, you are located in a modern and growing city that could support relatively good quality of life for families and businesses, you have abundant human capital that would provide experienced labor force. We couldn’t have asked for a more suitable location.” The CEO of Takoradi Oil Refinery Company Limited, Chris Wilmot has assured partners of the project that they would employ the best practices to make the project extremely beneficial to Ghana’s economy. “Texas is the world capital of the oil, gas and the energy sector and we want to replicate the efficiencies and best corporate practices of Texas right here in Ghana for the benefit of the Ghanaian economy and people of Ghana. This project seeks to enhance energy security for Ghana and the sub region.” Project plan The refinery will be built on approximately 100 acres of reclaimed land at the harbor in an area designated specifically as a Maritime Industrial Enclave. As part of the ongoing Takoradi Port Expansion Project, the GPHA will reclaim more than 1,200 hectares of land and deepen the harbor basin to minus 20 meters to enable post PANAMAX ships to call at the port. Other ports infrastructure and access roads to and from the port would also be improved to ease traffic congestion. The sea ports of Takoradi and Tema in Ghana are seen as growth poles and drivers of economic activities and national development. According to the project sponsors and investors, the construction of the refinery is slated to kick off in the first quarter of 2015. COX OIL projects that the Takoradi Oil Refinery Company Limited will start operations within 2 years after project commencement date. Takoradi Oil Refinery Company Limited would have a production capacity of about 65000 barrels of oil per day. http://www.citifmonline.com/2014/08/05/ghana-to-get-new-us600m-oil-refinery/
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atlwireles: The truth is always a fool to you. How much is candle in Ghana, and how many did you use last night?look at this Eba eaters bring old links. complete fool ![]() |
atlwireles: You are correct, because you sleep in your darkness or candle is the only alternative you have. Your power rationing in Ghana is not a secret to the world. You are simply too poor to buy a generator and maintain it.You are a complete fool. which brand of generator do u use? U get enough fuel? ![]() |
Descartes: Does it stop you from logging in on Nairaland? mtcheew.It stops me from using generator in 2014 ![]() |
customized07: ghana survives on 210MW of installed electricity facility, nigeria has an installed power capacity of 6000MW( which is not enough for only lagos). This tells you how timid and village-like ghana is. Ghana is a one city country, other settlements like kumasi, tema etc are all villages.2,100 MW for less population and export electricty to Togo,Burkina. stop fooling fagggot http://en.wikipedia.org/wiki/Electricity_sector_in_Ghana |
Energito11: Op i hope ghana is still better than Nigeria?Ghana is better than Nigeria 100 billion times. Ask Nigerians living here I have never touched generator ever since i came to Ghana. Nigeria is on the same level with somalia and Irag |
2012 presidential candidate of the Great Consolidated Popular Party (GCPP) Dr. Henry Herbert Lartey is calling for a return to military rule as the surest way to accelerate the development of the country. He believes if the nation was under military rule, rampant corruption in the country would not be in existence for the nation to be experiencing economic challenges. The leader and Chairman of the GCPP, Dr. Henry Herbert Lartey believes a return to military rule will instill some discipline in Ghanaians who steal the country’s resources for their personal benefit and that of their friends. He also took a swipe at the government for mismanaging the economy. According to him, Ghanaians are fed up with the current economic hardship bedeviling the country, which he said keeps worsening by the day, as he puts the blame squarely at the doorstep of leadership. Dr. Henry Lartey in an interview said the leadership needs to think about an innovative way to deal with corruption to save the country. “Leadership is not rulership. Leadership is not kingship. Leadership is when you have creative minds. Leaders need to think on their feet and bring out sterling ideas to change lives,” he said. He also cited the rising cost of transportation, accommodation, food among others, resulting from the sharp fall of the cedi against the major international currencies as a major problem that needs to be tackled. Dr. Lartey said the present economic doldrums have adverse implications on the salaries of workers, which demands immediate intervention from the central government. “Ghanaians are facing difficult times; I think urgent steps are needed in solving these problems,” the 2012 presidential candidate asserted. He lamented: “Sadly, the managers of our national economy have chosen to ignore the advice of the local professionals and many other brilliant suggestions that have been put forward by civil society organizations. Instead, those in charge of our economy have chosen to rely on the economic policy advice of experts at the International Monetary Fund and the World Bank.” He reiterated the need for a policy of domestication that his late father, Dan Lartey, preached as the long term solution to the country’s economic woes. “Eat what you grow. Grow what you eat, stockpile and export. Domestication can end the dollarisation of Ghana’s economy,” Dr. Lartey said. “We have to earn more from our exports such as oranges, pineapples, pawpaw, mangoes as well as other fruits and vegetables by value addition. Ghana cannot rely on cocoa alone for a lifetime at the expense of other products,” he advised. He said: “We should encourage the large production of rice, maize, palm oil, rubber and sugarcane for the production of sugar,” and warned that: “If we don't promote domestication to change our current import and export orientation, then the light at the end of the tunnel will continue to elude us." He explained, “When the total dollar value of a country's imports exceeds the total dollar value of its exports, the country has a trade deficit. This means the country is exporting fewer goods than it is importing. When a country's trade deficit increases, the value of that country's currency depreciates against the currency of its trading partner countries.” Despite all these suggestions on how to deal with the problems of the economy, Dr. Lartey maintained: “A short-term solution to Ghana’s woes is returning to military rule.” On how the Great Consolidated Popular Party (GCPP) is faring, he said the party has begun strengthening its structures at the grassroots level as part of the party’s preparations ahead of the 2016 elections. http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=319725 |
If you want to speak proper English go study in Ghana. The only country with the best accent in Africa according the British |
Londer go fucccck yourself u always on Ghana's DICKKK ![]() |
Descartes: Does this your ranking stop you from logging into Nairaland forum with multiple monickers.u outnumber Ghana 10-1 yet you can't compete with us. Ghana has whipped Nigeria and continues to whip Nigeria in soccer. We taught y'all the game but u have never mastered it. The game is too complex for you flimsy brain. Eba is bad for you. U chop Eba day n night and u expect to beat the almighty Ghana in soccer. The only thing u gonna win is shitting contest. Forking Eba eaters. |
elbinmanny: God has punished u guys with Mahama. wen is your next protest coming upTo be born and raised I Nigeria would be the worst thing that could happen to any human being... I mean a country that out of 170million people, 169million of the population find themselves satisfied with the ills and filth they bn put through for generations by their leaders and yet u find apes defending their leaders.... |
Descartes: This is Nairaland for Nigerians not for the gayian like you banku manNairaland is for Biafrans |
Descartes: You this fruity gayDo u have enough fuel for your generator? whats wrong with this eba eaters sef? ![]() |
heatmeup: the same way Nigeria need not to worry about the last time they defeated Ghana since they are the african champions. dey console urself henWhen it rains in Ghana u find gold in the gutter. whats your problem? ![]() |
Qelvin: is that the best you can do? serious countries dey win medals like its nothing and you are here banking on variables and probabilities even while you can proudly boast of just one meagre bronze medal? ok ohwhy should Ghana worry of CWG tiny gold medals when they got abundant Gold on their land? Gold coast ![]() |
safarigirl: mumu. Ese and Okagbare are Deltans. You just wan bring trouble, instead make you go dedicate Ghana's sporting woes to God, you dey here dey spread mumurrheaBut Ghana has many gold already, why do you think the British named it Gold coast? Ewu Gambia |
Qelvin: abeg is ghana even participating in this Olympic sef? Nigeria,South Africa,Kenya are winning medals left and right and we are yet to hear anything about our West African neighbours...even Cameroon has won two medals on aggregate.Ghana have won bronze and will be winning gold in boxing so STFU u boko pikin ![]() |
Accra over lagos
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Ghana should capture Nigeria and colonize them. without Ghana west africa cant move on ![]() |
brownlord: Even if the Ghana get foreign aid from all countries of the world, you ain't gona be anywhere close to first 5 countriesA country of 24 mill vs 200million mumu |
Igbo people have done really well in Nigeria ![]() |
Angola is the giant of Africa followed by south Africa, Egypt and Ghana. ![]() |
ayurdavid: front page with only 3 comments? how una dey take bribe mods abeg?drink gas |
brownlord: When people from blessed countries with natural resources are talking, some from countries who's only resources arefinancial aid /assistant from foreign countries should learn to shut upwhich brand of generator do you use? ![]() |
Descartes: Them no fitwatch ![]() |
Italian oil giant, Eni SpA, is making efforts to boost Angola’s crude oil output with over 129,000 barrels a day, a development that may see the country surpassing Nigeria in oil production.http://leadership.ng/business/379187/oil-production-angola-set-overtake-nigeria http://www.africlandpost.com/angola-set-overtake-nigeria/
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Dead Michael Essien Is Better Than Mikel Obi Anything from Ghana = Quality ![]() Anything from Nigeria = Quantity ![]() Essien Career total = 51 goals wink ![]() Mikel Career total = 10 goals |
1500 Year Old Bible Claims Jesus Christ Was Not Crucified https://www.nairaland.com/1831520/1500-year-old-bible-claims |
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