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Jubilee oil: 23m barrels exported so far PDF Print E-mail
Source: myjoyonline   
Monday, 19 December 2011 01:41

Twenty-three million five hundred thousand barrels of oil have so far been exported, a year into the commencement of production from the country's developed oilfields by the Jubilee partners.

The exports were made in about 24 liftings by various cargo ships to the international market, thereby positioning Ghana as a potential major oil produc-ing country.

More discoveries and successful appraisals have been made, but they are yet to be developed, with plans still underway.

According to sources close to the lead operator of the Jubilee Field, Tullow Oil, production averaged between 82,000 and 84,000 barrels per day for 2011 and it was expected to exceed 100,000 barrels by the end of the year.

They said appraisals carried out in the country's territorial waters gave a sign of reasonable deposits of oil and its associated gas.

Production of oil in commercial quantities on the Jubilee Field, approximately 70 kilometres off the coast of the Western Region, commenced on December 15, 2010.

Further exploration and appraisal drillings in the deepwater Tano Block between 2009-2010 resulted in the discovery of the Tweneboa, Enyenra and Ntome (TEN) fields which are located approximately 30 kilometres to the west of the Jubilee Field and are yet to be developed.

Under phase one of the Jubilee project, Ghana is supposed to benefit from 200 billion cubic feet of gas from the Jubilee Field.

Currently, the Ghana Gas Company is working to ensure that by December next year gas will be delivered to the Aboadze Thermal Plant in the Shama District for cheaper production of energy.

When reached for his comments on the achievement so far, a Deputy Energy Minister, Mr Emmanuel Armah Kofi Buah, commended the Jubilee partners and said it was the focus of the government to ensure that the issues relating to the successful management of the resource were devoid of politics.

He said it was determined to ensure that Ghanaians, who were the owners of the oil resource, benefited from it through the equitable distribution of the money accruing from it in a transparent and accountable manner.

The Deputy Minister said the government would do everything possible to ensure that the interest of the country was protected.

Kosmos Energy gets new Chief Operating Officer PDF Print E-mail
Source: ghanaweb   
Monday, 19 December 2011 01:39

Accra, Dec 16, GNA - Kosmos Energy on Friday announced that Mr Darrell McKenna has been appointed Chief Operating Officer of the company with effect from January 3, next year.
A statement by Kosmos Energy , copied to GNA, said Mr McKenna will be responsible for the Company’s global drilling, development, and production functions, as well as Kosmos’ health, environment, and safety programs.
It said prior to joining Kosmos Energy, Mr McKenna held the position of President of Hess Australia for Hess Corporation.
The statement said Mr McKenna also served as Vice President of multiple functions at Hess Corporation, including Global Drilling and Completions, Exploration and Production Technology, as well as the Africa Business Unit.
It said before joining Hess, Mr McKenna held multiple roles of increasing responsibility within the oil and gas industry, including 18 years with Mobil Oil Corporation.
The statement said he received a Bachelor of Science Degree in Petroleum Engineering from the Montana School of Mineral Science and Technology.
“We are very fortunate to have Darrell join the Kosmos team. With over 30 years of energy and leadership experience, Darrell brings a very strong production and operational background to Kosmos Energy, including significant international and West Africa-specific expertise.
“We have significantly enhanced our capacity as an organization by adding Darrell, which will prove beneficial as we move forward with plans to significantly grow our existing production and discover new petroleum systems over the next few years,” said Brian F. Maxted, President and Chief Executive Officer, according to the statement.
Meanwhile, Kosmos Energy said it has executed two Production Sharing Contracts with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname, for Blocks offshore Suriname .
It said the addition of the acreage is a significant expansion of the Company’s exploration portfolio and represents Kosmos’ first acreage acquisition outside of West Africa.
The statement said the two blocks cover an area of nearly 3 million gross acres, in water depths of between 650 and 8,500 feet. Block 42 is an area of over 1.5 million acres and block 45 is approximately 1.3 million acres.
It said “Kosmos will be operator of both blocks with a 100 percent working interest. Neither of the blocks has previously been drilled. In the initial exploration phase under each of the contracts, Kosmos plans to acquire 3D seismic data. The Company targets first drilling as early as 2014.
The statement said the company has entered into a Reconnaissance Contract for the Tarhazoute Block offshore the Kingdom of Morocco.
It said: “Covering 1.9 million gross acres in water depths of between 3,250 and 8,200 feet, the Tarhazoute Block is located offshore in the Agadir basin immediately between the Company’s Essaouira and Foum Assaka Blocks. Kosmos will be the operator of the Tarhazoute Block with a 100 percent working interest.
The Reconnaissance Contract has a one-year term, after which the Company has the right to enter into a petroleum agreement for the acreage.”
The statement said Kosmos will initially reprocess existing 2D seismic and that Brian F. Maxted, President and Chief Executive Officer, stated, “With our executed agreement over the Tarhazoute area, we have now licensed the large majority of the Agadir basin petroleum system and our 3D seismic acquisition program is underway, beginning in the Essaouira Block.”

Cosmos Buffalos win Rugby 7s gala PDF Print E-mail
Source: ghanaweb   
Monday, 19 December 2011 01:37

The Cosmos Buffalos stood tallest by defeating league champions Dansoman Hurricanes 27-5 in the final of the Ghana Rugby Association’s end of year 7s Gala at the Ajax park in Legon on Saturday. Cosmos were ruthless throughout having already demolished IDAS Rugby Club 26-0 in their group B prelims.

Hurricanes who won the maiden Greater Accra Rugby League earlier this year, defeated Accra Sharks 22-0 in their group A tiebreaker having earlier drawn 5-5 in the opening game.

The 7s gala also had Coastal Beach Boys taking on Ashanti Black Bulls and Oguaaman Ocean Warriors Ladies against Cosmos Buffalo Ladies in exhibition matches. The Ashanti team played their first ever rugby match as a result, leaving Ghana Rugby President Gifty Annan-Myers in ecstasy over what she perceives as a great future for the sport in this country.

She told ALL SPORTS: “It’s been a very successful day and we are very excited. This year has been unique, for the first time we played a league which was by Dansoman Hurricanes and we also held this gala to bring everybody together. Our sponsors have also been very supportive and have started making noise already so next year certainly is going to be better. We are going to go a step further,” Ms. Annan-Myers, also Executive Member of the Confederation of African Rugby, stated.

She is also appreciative to the University of Ghana who have given out a land for the construction of a modern rugby pitch for the association.

“We appreciate the benevolence of the University of Ghana allowing us to play here. We’ve taken the first step and that’s all the benevolence of UG, they are handing us the Rugby pitch supported by National Sports Authority who will refurbish it,” stated the Ghana Rugby capo who further disclosed that the association will climax the year with training courses for coaches, referees and journalists between 9th and 22nd December.

One of those sponsors are Clifton Homes who took care of last Saturday’s gala and are promising even more.

Ernest Hanson, Managing Partner of Clifton Homes and a keen rugby enthusiast, and whose company already sponsors Accra Sharks, says they are determined to help Ghana qualify for the 2016 Olympics when the sport is incorporated.

Mr. Hanson told ALL SPORTS: “There is too much noise on football sponsorship and you can grow by sponsoring a growing sport like rugby. The management of Clifton Homes are also big fans of rugby. We would like to put Ghana in the position to be able to play in the Olympic games of 2016.

“We’ll continue to sponsor Accra Sharks and we’ll also support the national set-up. I invite other corporate bodies to get on board because there is value in sponsoring rugby. The game has a future and there is economic as well as corporate value.”

Osumanu Adama backs Agbeko to be champ again PDF Print E-mail
Source: ghanawebcom   
Monday, 19 December 2011 01:36

US based Ghanaian boxer Osumanu Adama is solemnising with immediate past IBF Bantamweight champion Joseph King Kong Agbeko to return stronger and become a world champion again. Adama popularly called Machine Gun says Agbeko just had a bad day at the office in his last fight where he lost a one-sided unanimous decision to Mexican Abner Mares in their rematch.

“Agbeko has done a lot of good for Ghana. That day was not his day, he will come back, I know he will learn. That day was not his day at all, we all know how he fights. Look at the first fight and this fight, sometimes things change. I felt so bad when our champ lost the fight,” Adama told ALL SPORTS from his US base.

Adama who fights experienced Australia Sam Soliman next month, is also against suggestions that Agbeko has outgrown his corner and that he needs to changes trainers.

Adama told us: “You can bring coaches to help but the most important thing is who u started with. It’s not about the coach bro, its about him. We all do extra training some time, doing your own training in the gym you need to do more. I know he’s a good fighter and he will be back as champ again.”

Rafael Mensah ready for tougher fights PDF Print E-mail
Source: ghanawebcom   
Monday, 19 December 2011 01:31

After claiming victory in his first fight outside Ghana and the experience that comes with it, young prospect Rafael Mensah is eyeing bigger fights in bigger boxing avenues. Mensah beat Nigerian Sunday Ajayi via a round 7 TKO in the Benin capital Coutonou last Saturday night to improve his burgeoning career record to 13-0, 11 KOs.

After the splendid performance in Benin, the 20 year old has been earmarked for top fights in 2012 but Rafael Mensah gets straight into action within two weeks when he co-features on the night dubbed ‘Put up or Shut up’ under the auspices of Landmark Promotions at the Lebanon House in Accra on Boxing Day December 26.

Mensah faces the challenge of Nigerian Prince Nurudeen in a lightweight contest and he says he is ready. “My dream is to be a world champion and I’m happy with the way my career has gone so far especially this year. I am ready to fight anytime, even if it’s every week. We are going all the way to the top and nothing is stopping us,” Rafael Mensah has told ALL SPORTS.

Meanwhile, in the main bout of the December 26 ‘Put up or Shut up’ bill, Patrick Allotey (17-0, 15 KOs) takes on Burkinabe Patrice Sou Toke, also unbeaten (14-0, 7 KOs) for the vacant WBC international silver Welterweight title.

Also featuring are Joseph Lamptey against Isaac Selorm for the Ghana Light-Middleweight belt, world title chasing Maxwell Awuku versus Sunday Ajayi over 8 rounds as well as George Ashie against Benin’s Nazaire Kpadonou, all super featherweight.

Also fighting is latest sensation Emmanuel Danso (7-0, 7 KOs), the pride of Kwahu who has vowed to give his fans at Kantamanto in the business hub of Accra, a Christmas gift with victory over Eric Kwadey. Habib Ahmed also faces George Banson on the same bill.


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