Eni Ghana, together with its partner, Vitol Upstream Tano Ltd (Vitol), has signed two Memoranda of Understanding (MoUs) with the government of Ghana covering two offshore blocks, GH WB 3 and GH WB 8, in Ghana’s Tano Basin, paving the way for finalisation of the Petroleum Agreements.
The Minister for Energy and Green Transition, John Jinapor, signed the MoUs on behalf of
government, witnessed by executives from the Ghana National Petroleum Corporation
(GNPC).
The two blocks cover approximately 2,100 square kilometres, with water depths ranging
from 750 to 2,800 metres.
The opportunities align with Eni’s nearfield and Infrastructure-Led Exploration (ILX)
strategy, leveraging existing infrastructure and proximity to established producing areas to
unlock the potential of prospective areas.
These MoUs follow the signing of a memorandum of intent last year, marking a further step
in Eni’s long-term commitment to investment and exploration in Ghana’s upstream
petroleum sector, while supporting the management and development of the country’s
petroleum resources in accordance with Ghana’s legal and regulatory framework.
Eni has been present in Ghana since 2009, with offshore hydrocarbon exploration and
production activities and current equity production of about 40,000 barrels of oil
equivalent per day.
The company is the operator of the OCTP project, with a 44.4% share, in partnership with
Vitol (35.6%) and the Ghana National Petroleum Corporation (20%).
The joint venture’s portfolio of projects also includes initiatives in training, economic
diversification, access to water and sanitation, and access to energy
source: bftonline.com