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Recalculating again: 600 mil. bbl oil discovered offshore from Ghana
I'm not sure how much oil Iran is able to export nowadays, what with the deterioration of its neglected infrastructure, but 600 million barrels of light crude will surely make a difference when it comes on-line in seven years... and the promise will shape attitudes now.UK firm Tullow Oil 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. "Based on evidence to date, ultimate reserves are likely to be materially in excess of previous estimates, with some high potential zones still to be drilled," said Tullow chief executive Aidan Heavey. Posted by: trailing wife 2007-06-19 |
| http://www.rantburg.com/poparticle.php?ID=191154 |