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Ghana strikes $2bn deal to extend Jubilee and TEN oil fields to 2040

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© Allen Dreyfus
  • Deal allows 20 new wells in Jubilee field and boosts gas supply targets
  • Analysts say capital spending timeline could strengthen cedi, ease bond spreads

Accra, Ghana – Ghana has struck a key deal with major oil and gas players to extend production licences for its flagship Jubilee and TEN oil fields to 2040, unlocking up to $2 billion in new investments and potentially reshaping the energy landscape in West Africa.

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