Eni-Vitol combine awarded block off Ghana

A combine of Eni and Vitol has been awarded rights to Block WB03 in the Tano basin offshore Ghana. The block, in medium deep water, was offered in Ghana’s first international competitive bid round covering areas in 100-4,400 m of water.

Jul 3rd, 2019

A combine of Eni and Vitol has been awarded rights to Block WB03 in the Tano basin offshore Ghana.

The block, in medium deep water, was offered in Ghana’s first international competitive bid round covering areas in 100-4,400 m of water.

Eni said it will be operator of Block WB03. It holds a 70% interest in the bidding combine with Vitol. The block joint venture will include Ghana National Petroleum Corp. and a local company to be designated when the contract is signed.

The block is 50 km southeast of the John Agyekum Kufuor floating production, storage, and offloading vessel on Sankofa oil field in Eni’s Offshore Cape Three Points integrated deepwater project (OGJ Online, May 9, 2019).

The Ghanaian government hasn’t released other results of the bid round except to say three companies submitted bids for two of three blocks available for competitive bidding. Two other blocks in the round were designated for direct negotiation.

Fourteen companies were prequalified to bid out of 16 original applicants.

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