Ghana Signs Petroleum Agreement With Camac Energy

The Ghanaian government on Thursday signed a petroleum agreement with Camac Energy of Johannesburg to evaluate the economic development of the Tano Basin offshore. The agreement plans to develop the large quantities of oil and gas found in the Expanded Shallow Water Tano (EWST) block over the next 9 months.

ESWT is located in the Tano Basin, 15-35 km off the coast of Ghana including the North, South and Western regions.

RELATED STORIES

Fake Interpreter Thamsanqa Jantjie Mocks Himself in New Commercial

President Zuma of South Africa Re-elected for Second Term

Boko Haram Attack Security Post in Cameroon, Kill 1 Officer and Release Member in Detention

China, U.S., France, U.K. & Billionaire All Pledge To #BringBackOurGirls at WEF 2014

The CEO of Camac Energy, Kase L. Lawal stated, “The Tano Basin offers the kind of high-reward oil prospects that we believe will enable us to build near-term value for our shareholders through the drillbit.”