PetroSA buys into Ghana’s Jubilee field, posts R1.4bn profit

Engineering News 17 October 2012.

South African national oil company PetroSA has concluded a deal to buy oil and gas assets in Ghana, a senior official said on Wednesday, giving it access to crude from the huge Jubilee Field.

“We have bought Sabre Oil and Gas Holdings Ltd in Ghana, which gives us access to Jubilee Field and provides a strategic entry into the prolific Gulf of Guinea,” Nosizwe Nokwe-Macamo told parliament during a presentation on PetroSA’s annual report…

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