Oil & Gas: ENI eyes more potential in Ghana

Italian oil major, ENI has announced a gas and condensate discovery in CTP-Block 4, offshore Ghana.

According to a statement from ENI’s External Communication Department of Sub-Saharan Africa, the exploration well was drilled by the Maersk Voyager drill ship in a depth of 350m and reached a total depth of 3,790m.

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.

The 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 floating production storage and offloading unit (FPSO) with the aim to extend its production plateau, ENI said.

This announcement follows last month’s oil and gas discovery in the North Sea by Eni through its subsidiary Var Energi, a gas discovery in the Nour exploration prospects offshore Egypt and a major oil discovery in Angolan deep waters.

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.