Eni has found hydrocarbons in the Gye Nyame-1 well in the OCTP block offshore Ghana. The well, drilled in 1,703 feet (519 meters) of water, reached a total depth of 10,998 feet (3,349 meters), encountering significant thickness of gas and condensate sands with excellent reservoir characteristics.
The well also discovered oil mineralization in the underlying sands. The potential of the well is being assessed through a delineation program. Eni, through its subsidiary Eni Ghana Exploration and Production Limited, operates the OCTP license with a 47.22% interest.
Partners in the license include Vitol Upstream Ghana Limited, with a 37.78% interest, and GNPC with a 15% stake. State company, GNPC, has a back-in option for an additional 5% of the license.
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