ModernGhanalogo

FEATURED: Why Yaoh Hates Your Marriage So Much!!...

body-container-line-1
09.05.2019 Business & Finance

Ghana Discovers More Gas

Ghana Discovers More Gas
Listen to article

ENI Ghana has announced it has discovered more gas and condensate in Cape Three Points Block 4, offshore of Ghana.

A statement issued by the Company on Thursday, May 9 said 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 a 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 statement mentioned.

The well, according to the statement, was drilled by the Maersk Voyager drilling ship in a water depth of 350 meters and reached a total depth of 3790 meters.

Below is the full statement:

Eni announces 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 a 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.

body-container-line