Ghana oil industry

Ghana oil industry

Ghana expects at least $20 billion of investment in its booming oil industry over the next five years, mainly from foreign companies, the head of the state-owned Ghana National Petroleum Corporation (GNPC) said on Tuesday.
GNPC CEO Alex Mould said the money would mainly be spent on developing three offshore blocks — the Deepwater Tano/Cape Three Points block, the Tweneboa/Enyera/Ntomme (TEN) block and the Sankofa block.
The TEN field will see $1.4 billion in investment this year alone, while 2014 spending plans for Sankofa and Deepwater Tano/Cape Three Points are yet to be determined, he said.

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