Ghana’s Jubilee Field Keeps Getting Bigger, and the Bidding War Does Too
The Jubilee field offshore Ghana may be bigger than previously thought, news that promises to ramp up exploration interest in the area and potentially complicates ExxonMobil’s plans to acquire a piece of the West African oil-and-gas pie. U.S.-based Anadarko Petroleum and the UK’s Tullow Oil announced Thursday another successful appraisal well in the West Cape Three Points Block within the Jubilee field — home of one of the largest oil finds in the past decade in West Africa. With each successful exploration and appraisal well — this is the eighth consecutive one — interest in the Jubilee field and exploration prospect offshore West Africa have continued to grow. Now that one of Jubilee stake holders has put its share up for sale, that interest has boiled over…
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