ENI and Vitol have been awarded stakes in a new exploration license
offshore Ghana. The two firms, along with local partners GNPC,
Woodfields Upstream Ghana, and GNPC Exploration and Production Co.
(Exploreco) were awarded the Cape Three Points Block 4 in the prolific
Tano basin.
The Cape Three Points Block 4 license was awarded following the ratification by Ghana’s parliament.
The
new block covers an area of 1,127 sq km in water depths ranging from
100 to 1,200 meters and partially surrounds the OCTP block also operated
by ENI. In the event of a successful exploration outcome, the block
will benefit from the OCTP project infrastructures, currently under
development.
ENI operates the OCTP project, which involves the
integration and synergic development of the various oil and gas
discoveries (Sankofa Main, Sankofa East and Gye-Nyame). The project
envisages the development of subsea wells tied-back to a FPSO which will
be connected to shore via a gas transport line. The OCTP oil production
start-up is expected in 2017 while the gas production, which will
supply the domestic market for power generation, is expected in 2018.
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