Ghana discovers more oil

Last Updated: Thu, Dec 20, 2012 07:00 hrs

Accra, Dec 20 (IANS) Ghana has announced the discovery of more oil off the western shores of the country.

The discovery, made at the Pecan-1 exploration well located in the Deepwater Tano/Cape Three Points block, is the fifth made in the block, following Almond, Beech, Hickory North and Paradise, reported Xinhua citing the Ghana National Petroleum Corporation (GNPC).

"The Pecan-1 oil discovery and the four other discoveries have significantly increased the hydrocarbon reserves of the block," said Thomas Manu, director of operations at GNPC.

GNPC has a 10-percent interest in the Deepwater Tano Block while Hess, a US-based explorer, has the remaining 90 percent.

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