Ghana: Ghana set to join the league of big African oil producers

Oil and gas are likely to play an ever more prominent role in Ghana’s fast-growing economy following new discoveries both in the Jubilee field and the Tano Basin. Italian giant Eni, made a major discovery last month in the offshore Cape Three Points block, some 50 kilometres from the coast. Eni is continuing to drill other wells to confirm the feasibility of commercial development, but the production test revealed that this new well is capable of producing about 5,000 high quality barrels of oil per day (bpd).