Eni awarded a new exploration and production licence

Must Read

Defining moments of Presidencies in the history of Ghana’s Fourth Republic

Governments the world over are characterised with the sort of present and future legacies they will be leaving behind...

Ghanaian graduates from Havard Medical School with distinction in Special Field

George Agyapong, an alumnus of KNUST, is set to graduate from the world’s prestigious Harvard Medical School with distinction...

Not knowing my running mate gives you mental disorders – Mahama mocks critics, opposition

The political atmosphere in the country is gradually heating up as the all-important general elections of 2020 draws nearer. Slowed...
ABC NEWShttps://abcnewsgh.com
ABC News Ghana is an investigative media house that focuses on politics, sports and the economy. Our work is thoroughly researched, balanced and fair. Our vision is to become the most preferred indigenous news brand for men in West Africa.

Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium-deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidate its presence in the country.

Eni will be the Operator of the licence, and besides Vitol the Joint Venture will include the Ghana National Petroleum Corporation (GNPC) and a local registered company that will be identified during the phase of contract finalisation. The contract award is subject to approval from the Authorities.

This award comes as an outcome of the first international competitive bid round, in which 5 Blocks have been put on offer in water depths ranging from 100 to 4,400m.

In the Tano Basin, Eni owns rights to the Development Areas of Sankofa and Gye Nyame as well as to the Exploration and Production area of CTP-Block 4. The new block is located approximately 50km south-east of the FPSO John Agyekum Kufuor (JAK) that is currently producing oil and gas from Sankofa Field. The proximity of these infrastructure will become synergic with new discoveries in Block 3.

Ghana is among the key countries for Eni’s organic growth. The company has been present in the country since 2009, and currently accounts for a gross production of about 70,000 barrels of oil equivalent per day.

Source: thebftonline.com

Submit your stories or articles to newsroom@abcnewsgh.com or Whatsapp them to +233 553620623

- Advertisement -

Comments

Latest News

No ‘crowded’ dancing, waving of handkerchiefs as gov’t outlines guidelines for church service

Christian worshipers have been admonished to avoid crowded dancing and waving of handkerchiefs when they next attend church service. This...

Carry your mats along when going to the mosque – Gov’t issues guidelines for Muslim worship

Muslims in the country have been urged to carry along their own mats to mosques when attending prayers. This follows the outlining of additional safety...

Disregard calls for demonstration against United States – Police warns

The Accra Regional Police Command has warned the public to disregard and stay away from a supposed demonstration against the United States of America...

President Akufo-Addo condemns racist killing of George Floyd

President Nana Addo Dankwa Akufo-Addo has condemned the painful killing of a black man, George Floyd in the United States of America by a...

Easing of restrictions: Are churches ready to reopen?

After weeks of public discourse on how to get life back to normal despite the COVID-19 pandemic, President Akufo-Addo has announced the first phase...

More Articles Like This

%d bloggers like this: