Eni has been awarded a new exploration licence, the Cape Three Points Block 4, located in the prolific Tano basin, offshore Ghana. The Cape Three Points Block 4 licence was awarded, following the ratification by the Parliament of the Republic of Ghana, to a joint venture which involves Eni Ghana (with 42.4691% stake) as operator, Vitol Upstream Tano (with 33.9753% stake), Ghana National Petroleum Corporation (GNPC with 10% stake), Woodfields Upstream Ghana (9.5556% stake) and GNPC Exploration and Production Company (Explorco, 4% stake).
The new block covers an area of 1,127 square kilometers in water depths ranging from 100 to 1,200 meters and partially surrounds the OCTP block also operated by Eni. In the event of a successful exploration outcome, the block will benefit from the OCTP project infrastructures, currently under development.
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