Financial Times FT.com

Ghana seeks investors for new oilfield

By Ed Crooks and Carola Hoyos in London

Published: July 7 2009 22:59 | Last updated: July 7 2009 22:59

Ghana is looking for a large international oil company to join a bid for a stake in the Jubilee field in the country’s waters, one of the most potentially lucrative oil discoveries in Africa of recent years.

The move opens the door for western oil groups, under pressure to secure access to new resources, to enter an area seen as having huge potential for development.

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