ENI announces new gas discovery in Ghana

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ENI Ghana has announced that it has discovered more gas and condensate in Cape Three Points, offshore Ghana.

According to the company, the well, drilled on the Akoma exploration prospect, proved an estimated volume of between 550 and 650 bcf of gas and 18-20 mmbbl of condensate.

A statement from the company said the field has additional gas and oil that will require further drilling before it could be confirmed.

Below is the full statement from the company:
Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana.

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

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

The exploration well Akoma – 1X is located approximately 50 kilometers off the coast and
about 12 km north-west from Sankofa hub, where the John Agyekum Kufuor FPSO is
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.

Akoma – 1X proved a single gas and condensate column in a 20 m thick sandstone reservoir
interval of cenomanian age with good petrophysical properties and with hydrocarbon down
to.

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 infrastructures. 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%).

Ghana is among the key Countries for Eni’s organic growth. The company has been present
in the Country since 2009 and accounts currently a gross production of about 60,000 barrels
of oil equivalent per day.

Source: citinewsroom.com