A new 600 million barrel field has been discovered in Ghana. Will this be a replay of Nigeria and the probs it creates?


UK firm Tullow Oil has announced the discovery of 600 million barrels of light oil offshore from Ghana.

Reserves in the Mahogany exploration well were far greater than the 250 million barrels than the firm had earlier forecast, it said.

Tullow - which saw its shares rise 10% on the news - jointly owns the West Cape block where the drilling took place with Anadarko Petroleum.

It was one of the biggest oil finds in Africa in recent times, Tullow said.

Tullow and Anadarko firms share rights to the adjacent Tano basin, which could yield more oil.


BBC NEWS | Business | UK's Tullow uncovers oil in Ghana

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TRUTH exist, only a falsehood has to be invented.

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be intererting to see how the oil in columbia will be dealt with too

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Poor Ghana. I wonder what they did to deserve this curse!

AH

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“The subject no longer has to be mentioned by name. Someone is sick. Someone else is feeling better now. A friend has just gone back into the hospital. Another has died. The unspoken name, of course, is AIDS.”
“From the point of view of the pharmaceutical industry, the AIDS problem has already been solved. After all, we already have a drug which can be sold at the incredible price of $8, 000 an annual dose, and which has the added virtue of not diminishing the market by actually curing anyone.”

I think Ghana might be able to cope with this. Their government is, from what I understand, one of the more democratic, less corrupt governments of sub-saharan Africa. It doesn't really suffer from tribal violence.

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... I am surprised at your insolence in writing to me at all. You know, as I know, that I bought this constituency... may God's curse light upon you and may it make your women as open and as free to the excise officers as your wives and daughters have always been to me while I have represented your scoundrel corporation.
I have the honour to be... your obliged humble servant, Anthony Henley
- MPs reply to constituent, mid 1700s

Yeaaa!!!!!Now there will lest suffering for Africa oh wait.....western and estern companise will come and take all the money from African.....Doh how can i forget about Capatilism.......

Yeah, that darned evil capitolism.

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Neither am I the means to any end others may wish to accomplish. I am not a tool for their use. I am not a servant of their needs. I am not a bandage for their wounds. I am not a sacrifice on their altars. ... I owe nothing to my brothers, nor do I gather debts from them. I ask no one to live for me, nor do I live for others. I covet no mans soul, nor is my soul theirs to covet.

Ayn Rand, Anthem.

It all depends on how Ghana is going to use the money it is going to receive from the international companies. See how the Gulf states, like Saudi-Arabia, Kuwait, Dubai are building their economy making their own people lives better.

I believe strongly Ghana can do it too. Somehow, Ghana can prove the curse can be changed into a blessing.

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"What does not kill you, make you stronger!"

I hope you are right, but in the past revenue has turned liberators into depots.

__________________
STUPIDITY Is The Deliberate Cultivation Of Ignorance

TRUTH exist, only a falsehood has to be invented.

Please Visit My Blog http://studiesandobservations.blogspot.com/

It is true, as beautiful a blessing this new discovery is for Ghana, most of this wealth will flow into the pockets of a select few and they will kill, steal and destroy in search thereof.

So any guesses on how long it will be before the US goes into Ghana to try and control this reserve?