Ghana may have had a debilitating "energy crisis" this year, but portends in the energy sector are getting ever more bright.
Barely a month ago, substantial oil deposits were discovered in the country's territorial waters, and even before the excitement associated with that find has died down, another find is being announced.
This latest find comes just a day before the sod cutting ceremony for work to commence on the Bui Hydroelectric Project.
This is how Aidan Heavey, Chief Executive of Tullow Oil plc, the discoverers of the find, announced it in a statement on Tullow's website:
"The discovery of oil in Hyedua-1, and the confirmation of its communication with the recent Mahogany discovery, represents a major step forward for the Republic of Ghana and for Tullow and its partners. It significantly enhances our understanding of the resource, enables us to focus and accelerate our appraisal programme, and is highly encouraging for our plans to establish commercial production in Ghana."
Then follow a flurry of technical detail, which also eventually conclude in these words by Bob Daniels, Anadarko's Senior Vice President, Worldwide Exploration quoted by oilvoice.com: "The results of the Hyedua-1 well and our 2007 drilling programme in the deep waters offshore Ghana are very encouraging.
"The two discoveries indicate the presence of a large structure that extends across the West Cape Three Points Block and onto the Deepwater Tano license with a combined gross hydrocarbon column of nearly 1,200 feet.
"Based on the commercial potential of the area, the partnership continues to work in close cooperation with the Republic of Ghana and is making arrangements to bring another rig to the region to begin a rapid appraisal programme in the fourth quarter."
At the time of going to press, the government was preparing an official release.
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