Eni and Vitol have signed a memorandum of understanding to develop and commercialize gas on the Offshore Cape Three Points block in the Tano basin offshore Ghana.
Eni said the Sankofa-2 appraisal well and the Gye Nyame discovery both contained gas-condensate. Sankofa is about 30 miles offshore in less than 1,000 m of water.
Eni operates the block with a 47.222% stake in partnership with Vitol 37.778% and Ghana National Petroleum Corp. 15%.
The agreement sets out the key principles for future development of the discoveries and commercialization of the gas in the contract area. It focuses particularly on the domestic gas market. Few other details were available.
Eni operates the Offshore Cape Three Points and Offshore Keta blocks off Ghana (see map, OGJ, Mar. 15, 2010, p. 34).
