Eni begins production three months early at offshore Ghana field

Eni begins production three months early at offshore Ghana field

Eni (BIT:ENI) has reached commercial production at its Sankofa field off the coast of Ghana three months ahead of schedule.

The arrival of commercial production at the 45,000 barrels per day (bpd) Sankofa field represents the completion of phase one of the US$7.9 billion Offshore Cape Three Points (OCTP) project.

The OCTP project includes the combined development of the Sankofa Main, Sankofa East, Gye Nyame, Sankofa East Cenomanian and Sankofa East Campanian oil and gas fields.

“Eni has launched production from the integrated oil and gas development project in the OCTP block, off Ghana’s western coast, in just two and half years, and three months ahead of schedule,” the company said in a statement.

Ghanaian President Nana Akufo-Addo hopes that OCTP will more than double domestic gas supply in the West African nation, which is already well-laden in natural resources.

The project could also raise Ghana’s oil output to around 200,000 bpd and take gas production to more than 300 million standard cubic feet, according to a senior official at state oil company Ghana National Petroleum Corporation.

@RGNonline