Ghana: Eni takes new block

Parliament has ratified the award of the new Cape Three Points Block 4 exploration licence in the Tano Basin to Eni. The new block partially surrounds Eni’s Offshore Cape Three Points (OCTP) Block, where the Sankofa and Gye Nyame gas and oil discoveries are under development, and if a commercial discovery is made, the block will benefit from the OCTP infrastructure. The OCTP project will consist of subsea wells tied back to a floating production, storage and offloading vessel which will be connected to shore via a gas transport line.