Eni has been awarded a new exploration licence, the Cape Three Points Block 4, located in the Tano basin, offshore Ghana. This acquisition will help to further strengthen the company’s position in the Ghanaian offshore.
The Cape Three Points Block 4 licence was awarded, following the ratification by the Parliament of the Republic of Ghana, to a joint venture which involves Eni Ghana (with 42.4691% stake) as operator, Vitol Upstream Tano (with 33.9753% stake), Ghana National Petroleum Corporation (GNPC with 10% stake), Woodfields Upstream Ghana (9.5556% stake) and GNPC Exploration and Production Company (Explorco,4% stake).
The new block covers an area of 1127 km in water depths ranging from 100 to 1200 m and partially surrounds the OCTP block also operated by Eni. Should the exploration outcome be successful, the block will benefit from the OCTP project infrastructures, currently under development.
Eni has been a prescence in Ghana since 2009 where it operates through the subsidiary Eni Ghana. In the Country, the company has also undertaken important social programmes including the Health Project in the Western Region for the benefit of a population of over 300 000 people.
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/exploration/30032016/eni-awarded-a-new-exploration-licence-offshore-ghana/