Eni has begun production from the integrated oil & gas development project in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, two and half years, and three months ahead of schedule.
According to the Deputy Division Manager, Lagos Liaison Office, Nigerian Agip Oil Company Limited (NAOC), Eni’s arm in Nigeria, Tajudeen Adigun, the OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometres off Ghana’s Western Region coast.
The fields have about 770 million barrels of oil equivalent (mboe) in place, of which 500 million barrels of oil and 270 mboe are non-associated gas (about 40 billion cubic metres).
The project includes the development of gas fields whose production will be utilised by Ghana’s domestic market, he added.
Production will be carried out via the “John Agyekum Kufuor” floating production, storage and offloading unit (FPSO), which will produce up to 85,000 barrels of oil equivalent per day (boepd) through 18 underwater wells.
A 63-kilometre submarine pipeline will transport gas to Sanzule’s Onshore Receiving Facilities (ORF), where it will be processed and transmitted to Ghana’s national grid, supplying about 180 million standard cubic feet per day (mmscfd) of gas.
Eni Chief Executive Officer, Claudio Descalzi, said: “Starting production only two and a half years after the approval of the development plan is an extraordinary result and a reason for great pride. It certifies our exploration skills and knowledge, as well as our field development vision, and it confirms the effectiveness of our new operational model, where Eni has a central role in project management, aimed at improving time-to-market.
‘’This is a result we are especially proud of, because it fits perfectly into the joint development vision that we have for Africa: we grow when the countries that host us also grow. The launch of OCTP will provide gas to Ghana for over 15 years and the resulting electricity will give a real boost to the country’s development. All of this has only been possible thanks to the unwavering commitment of Ghanaian authorities and of our partners.”
Eni is the operator of the OCTP block with a 44.44 per cent stake, while Vitol holds 35.56 per cent and Ghana National Petroleum Corporation (GNPC) 20 per cent.
Eni has been in Ghana since 2009 through its subsidiary, Eni Ghana, and with the start-up of OCTP Integrated Oil & Gas Development Project, the company has become one of Ghana’s main operators.
Last year, Eni obtained a new exploration licence, Cape Three Points Block 4, adjacent to the OCTP Block. If successful, synergies with OCTP will allow a fast-tracked start-up.
The drilling of the first exploration well is expected next year, in continuity with the drilling of Block OCTP wells. In addition, Eni Ghana is exploring opportunities in the renewable energies sector.
Eni Foundation has an important social and health programme in the western region, benefiting over 300,000 people.
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