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Eni makes successful oil, gas test offshore Ghana

Italy’s oil and gas major Eni (ENI.MI: Quote) has made a successful appraisal and testing of the Sankofa discovery offshore Ghana as part of its push to expand in Africa, Eni said on Tuesday.

The Sankofa-2 well was tested and delivered about 840,000 cubic metres of high quality gas and 1,000 barrels of oil equivalent per day (boepd) of high quality 52° API condensate, Eni said in a statement.

"Initial evaluations indicate that the appraisal well has significantly increased the preliminary estimate of gas in place at the discovery, confirming Sankofa’s potential to become the first development of non-associated gas from the Ghana offshore," it said.

The well in Offshore Cape Three Points (OCTP) licence was drilled in 864 meters water depth, about 55 km from the coast.

The appraisal well confirmed the presence of 35 metres of net gas and condensate sands. A six meter oil leg, which will be the object of further studies, was also encountered.

Eni Ghana Exploration and Production Limited is the operator of the OCTP license with a 47.22 percent stake.

Vitol Upstream Ghana Limited has 37.78 percent and state company Ghana National Petroleum Corporation GNPC owns 15.00 percent with a back in option for another 5 percent.

Eni has been active in Sub-Saharan Africa since the early 1960s and is currently operating in Angola, Nigeria, Togo, Ghana, Republic of Congo, Gabon and Mozambique.

It pumps around 450,000 boepd in the area. (Reporting by Svetlana Kovalyova; editing by James Jukwey)
http://af.reuters.com/article/ghanaNews/idAFLDE73B0PF20110412

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