Eni will be the operator of the license and besides Vitol the Joint Venture (JV) will include the Ghana National Petroleum Corporation (GNPC) and a local registered company that will be identified during the phase of contract finalisation. The contract award is subject to approval from the authorities.
This award comes as an outcome of Ghana’s first international competitive bid round, in which 5 blocks have been put on offer in water depths ranging from 100 to 4400 m.
In Ghana’s Tano Basin Eni owns rights to the Development Areas of Sankofa and Gye Nyame as well as to the Exploration and Production area of CTP-Block 4. The new block is located approximately 50 km south-east from the FPSO John Agyekum Kufuor (JAK) that is currently producing oil and gas from Sankofa Field. The proximity of these infrastructures will became synergic in case of new discoveries in Block 3.
The company has been present in Ghana since 2009 and accounts currently a gross production of about 70 000 boe/d.
Read the article online at: https://www.oilfieldtechnology.com/exploration/05072019/eni-awarded-exploration-and-production-license-offshore-ghana/