Eni announces oil discovery in CTP-Block 4, offshore Ghana

Eni, an Italian Oil and Gas Company, has announced the discovery of gas and condensate in the block four of the Cape Three Point (CTP) offshore production in Ghana.

The well, drilled on the Akoma exploration prospect, proved an estimated volume between 550 and 650 bcf of gas and 18-20 mm bbl of condensate.

The discovery has additional upside for gas and oil that would require further drilling to be confirmed.

A statement from the External Communication Department of Sub Saharan Africa and copied to the GNA said the exploration of the well, Akoma well- 1X, was located approximately 50 kilometers off the coast and about 12 km north-west from Sankofa hub, where the John Agyekum Kufuor FPSO was located.

The well was drilled by the Maersk Voyager drilling ship in a water depth of 350 meters and reached a total depth of 3790 meters.

The Akoma - 1X proved a single gas and condensate column in a 20 m thick sandstone reservoir interval of cenomanian age with good petrol physical properties and hydrocarbons.

"Akoma - 1X is the first well drilled in CTP-Block 4 and represents a discovery of a potentially commercial nature, due to its close distance to the existing infrastructure. The discovery can be put in production with a subsea tie to the FPSO with the aim to extend its production plateau."

The Joint Venture of CTP-Block 4 is formed by Eni Ghana (operator, 42.469%), Vitol Upstream Tano (33.975%), GNPC (10%), Woodfields Upstream (9,556%), Explorco (4,00%).

It said Ghana, was among the key Countries for Eni’s organic growth and has been operational in the Country since 2009 and accounts for a gross production of about 60,000 barrels of oil equivalent per day.