ENI Enlarges The Ghanaian Oil Tank

ENI Enlarges The Ghanaian Oil Tank

Italian major ENI encountered  76 meters of gross oil pay and 28 metres gross gas and condensate sands in Cretaceous sequences in the Sankofa East-1X well on Ghana’s Offshore Cape Three Points (OCTP) block. It is the company’s first crude oil discovery on the block, which was always known to be water bearing. Production test yielded 5,000BOPD of what ENI called “high quality” oil in the sand interval. The company said that flow rates were constrained by surface infrastructures.

ENI plans to drill more wells to delineate the size of the discovery and confirm the feasibility of commercial development.
Sankofa East-1X well reached a total depth of 3,650 meters, in 825 meters of water.

These new finds boost the work of ENI in Ghana. The Italian major had earlier commenced engineering studies for the development and commercialization of gas reserves of the block in accordance with the principles sanctioned in the MoU recently signed by ENI, Vitol and GNPC(the state hydrocarbon company), with the Minister of Energy of Ghana.

The MoU focuses particularly on the domestic gas market, in which ENI and its JV partners wish to play a prominent role.

ENI operates the OCTP block with a 47.222% interest. Partners include Vitol, with a 37.778% share, and state company GNPC with a 15% share. GNPC has an option for an additional 5% interest.


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