Ghana: Another Major Oil Find Offshore Ghana

Italian energy company, Eni, says it is drilling operations off the coast of Ghana has confirmed commercial potential.

The company says it drilled in its Sankofa East 2A block, its first appraisal well in the Sankofa East discovery area, located about 120 miles offshore Ghana.

"Eni estimates the overall potential of the discovery to be around 450 million barrels of oil in place with recoverable resources of up to 150 million barrels," the company stated.

The company explains those results are important because it confirms the discovery is of commercial nature, adding that plans are underway for commercial exploitation of those reserves.

Eni is working in the region alongside Ghana National Petroleum Corporation, the Government of Ghana and Vitol.

The company announced a similar effort in the Sankofa East region last year encountered 250 feet of gross oil pay.

Ghana is emerging as a regional energy powerhouse. The country shipped its first delivery of oil from the giant offshore Jubilee field in January 2012.

 

via The Chronicle

Ghana: Another Major Oil Find Offshore Ghana

Italian energy company, Eni, says it is drilling operations off the coast of Ghana has confirmed commercial potential.

Comments

comments

You might also like…

IMG_1786

Music Business: The Next Level for International Collaborations for Nigerian Artists – Japheth J. Omojuwa

 Gone are the days when all Africans did was wait on free money from Europe and America to survive; today, the relationship is moving towards that of equal partners. This has been particularly demonstrated in the music industry. This piece is about how Nigerian artists and indeed African artists can do better with their international […]

Screen Shot 2015-07-12 at 8.53.10 PM

Winners of African Liberty SYPALA 2015 Essay Competition

 The following people are the winners of the just concluded AfricanLiberty.org essay competition organized to award full scholarships to the 2015 Students and Young Professionals African Liberty Academy (SYPALA) in Accra, Ghana. All the winners will be contacted regarding travel arrangements to Ghana. Travel to and from Accra, travel within Accra, feeding and accommodation while […]

Omobola-Johnson

Nigeria’s Advancing Communications Technology And Lessons For Government – Japheth J, Omojuwa

 People talk about how this government has lost the media war; they often do not tell us why this is the case. It has always been the job of the media to be critical of the government of the day by default. What the government does in reaction often determines whether the criticisms are sustained […]

Leave a Reply

Your email address will not be published. Required fields are marked *