Energy  

Eni launches production offshore Ghana ahead of schedule

The company said in a statement on Monday, that the fields have about 770 million barrel of oil equivalent (mboe) in place, of which 500 million barrels of oil and 270 mboe of non-associated gas (about 40 billion cubic meters).

Italian oil company, Eni, has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in less than three years ahead of schedule, reaching another record time-to-market.

The OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometers off Ghana’s Western Region coast.

The company said in a statement on Monday, that the fields have about 770 million barrel of oil equivalent (mboe) in place, of which 500 million barrels of oil and 270 mboe of non-associated gas (about 40 billion cubic meters).

According to the statement made available to The Guardian by its Nigeria Division Manager, Tajudeen Adigun, the project includes the development of gas fields whose production will be utilised entirely by Ghana’s domestic market.

It stated: “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-kilometer 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 approximately 180 million standard cubic feet per day (mmscfd).”

Responding to the latest development, 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.

He noted that it certifies our exploration skills and knowledge, as well as the company’s 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,” he added.

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EniTajudeen Adigun


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