Commercial Fishing & Offshore Drilling: Africa

In December 2010, Ghana, a nation of 24 million people, became the latest African nation to join the petroleum club. Its Jubilee field, approximately 60 km. (40 miles) off Ghana’s coast, is the first of what will likely be several deep-water oil development projects. Drilling off Ghana over the next 20 years may be worth as much as $20 billion in export revenue, but the government has pledged it will succeed where many developing countries have failed and beat the so-called “resource curse.”