Eni is expanding its presence in Ghana with the company's and partner Vitol's winning bid in Ghana's first international bid round in which five offshore blocks have been put on offer in water depths ranging from 100 to 4,400 meters.
Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana was awarded to Eni with a 70% share and Vitol with a 30% stake, the company announced in a statement Wednesday.
According to the statement, in Ghana’s Tano Basin, Eni owns rights to the development areas of Sankofa and Gye Nyame, as well as to the CTP-Block 4 exploration and production area.
"The new block is located approximately 50 kilometers south-east from the FPSO [floating production storage and offloading vessel] John Agyekum Kufuor that is currently producing oil and gas from the Sankofa Field. The proximity of these infrastructures will become synergic in case of new discoveries in Block 3," the company read.
Eni has been present in the country since 2009 and currently accounts for the gross production of about 70,000 barrels of oil equivalent per day.
By Gulsen Cagatay