Anadarko, the US oil group, and partners Woodside of Australia, Repsol of Spain and Tullow Oil of the UK, on Wednesday  confirmed the discovery of an offshore oil region from Sierra Leone to Ghana, in which they expect to find more huge oil fields in the next five years. Shares in Anadarko, which has 40% of Venus; Tullow, with 10%; and Woodside and Repsol, each with 25%, surged on the news which was based on drilling results from the Venus well, 1,100km from Ghana’s Jubilee field, Africa’s largest deep-water field.

This entry was posted by Gwen Robinson on Thursday, September 17th, 2009 at 4:24 and is filed under Capital markets, Commodities. Tagged with Anadarko, Repsol, Tullow Oil, Woodside. Edit this entry.