Ghana to Invest $20 Billion in Jubilee Oil

Bloomberg reported that Ghana and its partners plan to invest $20 billion in the Jubilee oil field over the next ten years.

As quoted in the market news:

Jubilee, which began production in 2010, is operated by London-based Tullow, which also owns 35.5 percent of the field. Anadarko and Kosmos Energy (KOS), both based in the U.S., each hold 24.1 percent and GNPC 13.6 percent. Sabre Oil & Gas Ltd. holds 2.7 percent.

Click here to read the full Bloomberg report.