Speaking at the Oil & Gas Africa 2012 conference earlier this month, Anton Botes, Deloitte South Africa's oil and gas leader, highlighted the reasoning behind shifts in exploring fundamentals, stating that high crude prices are an incentive for producers to invest in exploration and production projects. It is becoming more economical for companies to go “deeper and to go riskier.”According to some analysts, intensified natural gas exploration initiatives are already being undertaken in Ghana as the government seeks new ways to counter diminishing oil production following the discovery of the Jubilee field in the deepwater Tano Block.
Natural Gas In West Africa
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