The Government of Ghana has signed a petroleum production agreement with Tano Energy Ltd, for gas production at the Tano oilfields offshore in the Western Region. It is estimated that the gas produced will assist in the production of as much as 250MW of electricity. The Ghana National Petroleum Corporation (GNPC) is tasked with the full implementation of the terms of the agreement. It is expected that USD 100 million will be invested in the exploitation process. The supply of gas is expected to start early in 2003. The Tano fields were discovered by Philips Petroleum between 1978 to 1981. Additional studies notably by ARCO, Petro Canada and Braspetro have established and confirmed the proven reserves and production potential of the Tano fields.
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