Last Updated- Sep 28, 2009 7:53 - - 1 Comment


Trinidad and Tobago to explore Ghana’s oil

oilGhana’s reputation as an emerging oil and gas centre is rising among interested parties. It is now the turn of Trinidad and Tobago, the tiny island nation of the Carribean to enter the country.

The GNA reports that a delegation from Trinidad and Tobago has arrived in the country to explore the oil and gas industry.

Touting the island’s success in the oil industry, Ms Charles Mendes, Ambassador of Trinidad and Tobago to Nigeria, was quoted in the report to have said that her country was known worldwide for its success in petrol and oil exploration.

“It is this experience of about 50 years that we have come to share with Ghana,” she said.

Ghana announced that it found oil in commercial quantity in June 2007, and since then major oil sector players have arrived in the country to get a piece of the pie.

The country’s Jubilee field is noted to be the largest found in West Africa in the last 10 to 15 years. According to Tullow Oil it contains about 1.8 billion barrels of oil and has 17 wells.

American, British, Australian, Chinese, Italian and Nigerian oil companies are all vying for a stake in the country’s nascent oil industry.

Meanwhile, commercial production of oil is expected in June 2010.

By Emmanuel K. Dogbevi

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Comments

One Response to “Trinidad and Tobago to explore Ghana’s oil”

  1. Sis L N Quashi on October 27th, 2009 10:13 am

    The arrival of a delegation from Trinidad who are interested in helping Ghana develop its oil reserves can only be welcomed. As a Pan Africanist, I can only say this is the type of development which will take Africa and Africans around the world forward. The interests of Trinidadians are more in line with Ghanaians than say those of the Chinese. Give the Trinidadians a chance and let us show the world how Pan African unity can really make a difference to development. Trinidad is one of the few nations with an Africans in government which have managed to lift much of its nation out of poverty by ensuring a more equal distribution of oil wealth. It’s not perfect by any means but it is certainly a better example than say Nigeria. My big concern like many is whether we in Ghana will use our reserves properly to ensure that we lift the half of our population who live on US$1 per day lor lower. This has to be our priority as well as extending electricity and sanitation to those areas without it.

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