Tullow optimistic after oil find offshore Ghana

Oil and gas giant Tullow has found oil and gas-condensate at its Wawa-1 well offshore Ghana, the first of three important remaining exploration wells to be drilled in the second half of 2012.

Oil and gas giant Tullow has found oil and gas-condensate at its Wawa-1 well offshore Ghana, the first of three important remaining exploration wells to be drilled in the second half of 2012.

This will be welcomed news for the company's shareholders who were disappointed on Monday after the firm said that it had plugged and abandoned a well in Guyana due to safety concerns.

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