Bet­ting on bar­rels

The Africa Report - - QUARTER -

Ghana, now a sub­stan­tial oil pro­ducer, is due to an­nounce the win­ners of the coun­try’s first of­fi­cial bid­ding round by the end of Au­gust. Big play­ers like China National Off­shore Oil Cor­po­ra­tion, BP and Exxonmo­bil are in the run­ning for acreage that oil ex­ec­u­tives hope will mir­ror or sur­pass the production of Tul­low’s Ju­bilee field, Ghana’s first ma­jor com­mer­cial oil devel­op­ment.

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