Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Eni’s Expansion Offshore Ghana Supports Longer-Term Production Strategy

BMI View : Eni’s acquisition of a 35% operating stake in the Keta Block is its third such acquisition offshore Ghana and indicates just how optimistic the company is about the area’s hydrocarbon potential. Eni expects offshore Ghana to be a contributor towards its longer-term output growth targets.

Italy’s Eni has acquired operatorship and a 35% stake in the Keta Block offshore Ghana from explorer Afren . This is the third block offshore Ghana that Eni operate and demonstrates the company’s confidence in the area’s potential. Having ceased operations in the country in the 1970s, Eni re-entered Ghana in 2009, when it acquired operatorship and majority shares in the Offshore Cape Three Points (OCTP) and Offshore Cape Three Points South (OCTPS) exploration licences. Following the latest deal, Eni will work alongside partners Afren, which will maintain a 35% working interest,

Mitsui Exploration & Production Ghana (20%) and Ghana National Petroleum Corporation (GNPC; 10%). The deal remains subject to approval by the government and project partners.

The Keta Block is located in the Volta River basin, off eastern Ghana, and covers an area of 5,500sq km in water depths of 1,000-2,800 metres (m). According to an independent assessment by Netherland, Sewell …
http://www.oilandgasinsight.com/file/101148/enis-expansion-offshore-ghana-supports-longer-term-production-strategy.html

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar