Eni has oil, gas-condensate discovery offshore Ghana

A group led by Eni SPA plans delineation drilling around a potentially commercial oil and gas-condensate discovery on the Offshore Cape Three Points block off Ghana.

Sankofa East-1X, the first oil discovery on the block, encountered 28 m of gas-condensate and 76 m of gross oil pay in Cretaceous sandstones. It flowed at the rate of about 5,000 b/d of high-quality oil on a production test on which test equipment capacity restricted the rate.

Eni said the well went to 3,650 m in 825 m of water 50 km off the coast.

The company noted that engineering studies are in progress for the development and commercialization of the block’s gas reserves in accordance with the principles sanctioned in the memorandum of understanding recently signed by Eni, Vitol Upstream Ghana Ltd., and Ghana National Petroleum Corp. with Ghana’s ministery of energy. The MOU focuses particularly on the domestic gas market, in which Eni and its partners wish to play a prominent role.

Eni Ghana Exploration & Production Ltd. is block operator with 47.222% interest. Vitol has 37.778% and GNPC 15% plus an option for a further 5%.