R & R Corrosion News & Events
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New Oil Field 11 Sep 2007
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, it said.
Tullow - which saw its shares rise 10% on the news - jointly owns the West Cape block where the drilling took place with Anadarko Petroleum.
It was one of the biggest oil finds in Africa in recent times, Tullow said.
Tullow and Anadarko firms share rights to the adjacent Tano basin, which could yield more oil.
Posted by John
R & R Corrosion 11 Sep 2007
New R & R Corrosion website launched.
Posted by John
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