A CONSORTIUM comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence, Cape Three Points block 4, located in the Tano basin, offshore Ghana.
GNPC, Vitol and Eni are already developing the Sankofa and Gye Nyame fields to provide gas for Ghana’s thermal power sector to 2036 and this block lies near the existing Sankofa and Gye Nyame fields.
The Cape Three Points block 4 licence was awarded in late March following the ratification of the Parliament of the Republic of Ghana.
Covering an area of 1,127 square kilometres, the block is in water depths ranging from 100 metres to 1200 metres, Vitol said in an announcement.
If exploration drilling results in commercially viable reserves, the project will be able to use the infrastructure already under development, Vitol said.
The existing project involves the development of multiple subsea wells tied back to a floating production storage and offloading vessel (FPSO) which will be connected to shore via a gas export line.
Oil production will start in 2017, while gas production, which will supply domestic power generation to 2036, is expected to start in 2018.
Eni farmed into the licence and took over as operator in 2009, while Vitol has been in Ghana since 2006, when it won the licence for the Sankofa and Gye Nyame fields.