Tullow announces Ivory Coast oil find following successes in Ghana


ABIDJAN — British-based explorer Tullow Oil PLC hadbdiscovered oil off the shore of Ivory Coast, the company announced on Thursday — a one and a half year after the company started  pumping crude from an offshore field in Ghana worth billions of dollars, reports the Associated Press.

Exploration Director Angus McCoss called the finding encouraging and said the company looks forward to future drilling.

Ivory Coast is already the world’s largest cocoa producer and its commercial capital had long been the economic heart of the region until it was destabilized by a series of political crises.

Most recently the country was thrown into turmoil after its ex-president refused to concede defeat after losing a November 2010 election.





About Ghanaoil
Ghanaoilonline.org is published by Africa Media Empire Ltd and Eye Level Productions LLC. Our Mission is to empower you with the most authoritative and timely news about Ghana’s oil and gas industries. We seek to promote transparency and accountability in these sectors as critical pathways to the sustainable development of Ghana as a nation. We welcome your comments about the site.
%d bloggers like this: