Ghana gov’t: opposition wrong on Eni deal
Ghana NNP had said earlier that the agreement for the USD 7-billion Cape Three Points integrated offshore oil and gas development would see the country lose as much as USD 3 billion on the project.
Signed in March 2015, the deal between Ghana, Eni and partners Vitol Energy covers the development of the Sankofa and Gye Nyame fields. The project is expected to yield 80,000 barrels of oil per day and 4.8 mcm (170 mcf) of natural gas for day. Set to be fed into the country’s thermal power plants, the resources have the potential to add 1.1 GW in power generation capacity.
For more news and features on the oil and gas industry in Ghana, click here
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More