Business News of Thursday, 13 December 2012
Source: Nana Boakye-Yiadom
US based oil giants, Hess Petroleum has announced further investments in its operations in Ghana after finding oil in commercial quantities located in the Deepwater Tano/Cape Three Points license offshore Ghana.
Hess Petroleum controls a 90% stake in that block while the Ghana National Petroleum Corporation (GNPC) holds the remaining 10%.
Hess is preparing to drill its next well in the block about 15 miles northeast of its latest find, and said more exploration activity and pre-development is planned in next year.