18.6.07

Oil Will Start Flowing in 2014

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.
The Tullow chief executive, Aidan Heavey, said it was one of the biggest oil discoveries in Africa in recent times, but warned it could be up to seven years before the oil started to flow.
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