Ghanaian parliament approves licence

Dec 24, 1997 01:00 AM

Nuevo Energy Co has announced that its Ghanaian subsidiary has received approval from the Ghanaian parliament for its second petroleum agreement.
"This approval finalises the contract signed in March 1997 between Nuevo Ghana, the Republic of Ghana and Ghana National Petroleum Corporation for petroleum rights covering in excess of 2.7 mm acres offshore Ghana in the Accra-Keta prospect area,'' Nuevo said.
Nuevo is operator of the prospect with a 100 % working interest.
The new prospect is 60 miles to the east of Nuevo's 1.7 mm acres awarded in August 1997.

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