Ghana gets 46 million dollars from World Bank
Ghana gets 46 million dollars from World Bank
Wa (Upper West) 14 Dec. '99
The Government of Ghana and the World Bank on Monday signed a 46 million-dollar credit loan agreement to support the National Functional Literacy programme for the next six years.
Mr. Jean Louis Sarbibi, World Bank Vice President for Africa and Mr. David Osei-Wusu, Upper West Regional Minister signed the agreement.
The World Bank official said Ghana is the only African country that receives more assistance from the Bank for its literacy programme.
The programme, he added, will focus on women, and will be concentrated in the Northern, Upper East and Upper West Regions.
Mr. Osei-Wusu noted that the loan would help to reduce the high rate of illiteracy in the country.
He observed that by acquiring the basic skills in reading and writing, people in the rural areas would be abreast with the government's policies and contribute meaningfully to nation building.
GRi../
Accra (Greater Accra) 14 Dec. '99
A major deepwater oil and gas has been discovered in Nigeria, an official statement said in Accra on Monday.
The statement from Exxon Mobil released in Accra said Esso Exploration and Production, Nigeria Limited confirmed the discovery to its affiliate, Exxon Mobil Corporation, which announced it in the United States.
It said the discovery well, named Erha-One, and was drilled from December 1998 to February 1999, under Nigerian National Petroleum Corporation's Oil Prospecting Licence 209, approximately 165 kilometres Southeast of Lagos.
The appraisal well, Erha-Two was spudded in 3,860 feet (1,180 metres) of water on September nine and drilled to a total depth of 12,287 feet (3,745 metres).
It encountered an oil-bearing reservoir that flowed at a test rate of 2,800 barrels per day from the test interval.
Esso has operated the 209 licence since 1993. As an operator, it will hold a 56.25 per cent participatory interests and Shell Nigeria Exploration and Production Company Limited will hold 43.75 per cent.
"Confirmation of the Erha discovery is an important addition to Exxon Mobil's deepwater portfolio," said Exxon Mobil's Vice President Harry Longwell.
"Nigeria is expected to make significant addition to our company's production volumes in the years ahead," he added.
Exxon Mobil has established a major position in the West Africa deepwater, where it is the largest multinational acreage holder. Its affiliates have interests in 44 high potential deepwater blocks in Angola, Equatorial Guinea, Republic of Congo (Brazzaville), Nigeria and Sao Tome and Principe totalling 35 million gross acres (14.83 million gross hectares).
GRi../