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ACCRA, Ghana (AP) - Ghana's president said Saturday that offshore oil reserves discovered in the West African country's waters total 3 billion barrels.
"Ghana has struck oil in commercial quantities," President John Kufuor said, speaking at a ruling party congress in the capital, Accra. "This is only the beginning. The future is very bright indeed."
British-based oil explorer Tullow Oil PLC announced over the summer that it had had success with a well off the coast of Ghana. It gave no details at the time, saying only that it had discovered "a significant light oil accumulation" and was appraising it.
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