- Ghana's government says it expects a fourth offshore development by Hess (HES -0.1%) to join the country’s project pipeline.
- Hess already plans to drill a third appraisal well later this year on the Deepwater Tano/Cape Three Points block to establish commercial viability and reserves, according to a government official, after strong results at two initial wells.
- Ghana hopes to increase oil output to 500K bbl/day in the next decade as projects including Tullow Oil’s (OTCPK:TUWLF, OTCPK:TUWOY) TEN and Eni’s (NYSE:E) Sankofa-Gye Nyame start production; the two fields are expected to be developed within the next three years, with combined output of ~130K bbl/day.