Eni oil discovery offshore Ghana

Image source: Eni.Image source: Eni.Eni Ghana Exploration and Production has made a potentially significant oil discovery in the Offshore Cape Three Points (OCTP) block in Ghana, according to the Vitol Group, which has a 38 per cent interest in the block

The discovery well, which was drilled around 50km offshore in 825m of water, reached a total depth of 3,650m and encountered a 76m gross oil-bearing interval in Cenomanian sandstones.

During production testing the well flowed dry 30°API oil at a facilities-constrained rate of 5,000 bpd.

The oil discovered is not connected to the gas and condensate discovered in either Sankofa or Gye Nyame.

The OCTP joint venture is now planning an immediate appraisal programme to assess the oil’s commercial viability.

“We are delighted to have made an oil discovery on the OCTP block, which now needs further appraisal and represents an important new opportunity for Vitol's E&P business,” said Ian Taylor, president and chief executive officer of the Vitol Group.

“This has been an exciting year for the OCTP joint venture, with a successful drilling campaign and substantial progress made on plans for exploitation of the OCTP gas.

“Our focus is to progress the rapid development of the gas discoveries, working closely with the Ministry of Energy and its representatives.”

Eni has a 47.222 per cent interest in the OCTP license, Vitol Upstream Ghana 37.778 per cent and state company GNPC 15 per cent, with a back-in option for an additional five per cent.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
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