Italian energy giant Eni has confirmed the commercial potential of drilling operations in its appraisal well in Sankofa East discovery area, located about 120 miles off the coast of Ghana.

A statement released by the company says it successfully drilled Sankofa East 2A, its first appraisal well in the Sankofa East discovery area on the Offshore Cape Three Points Block, located about 120 miles offshore Ghana.

Eni estimates the overall potential of the discovery to be around “450 million barrels of oil in place with recoverable resources of up to 150 million barrels.”

According to the company, those results are important because it confirms the commercial standing of the oil discovery in the OTCP block and the strategic importance of the block for further industrial and economic development in the country, adding that  plans are underway for commercial exploitation of those reserves.

Eni made the discovery at the block in the Tano basin 50 kilometres offshore in September with the Sankofa East X1 well.

Sankofa East 2A well, which reached a total depth of 4,050 meters, was drilled in 990 meters of water. The well encountered 23 meters of  gas and condensate gross pay (17 meters net),and 76 meters of gross oil pay (30° API, 32 meters net) in good sands of cretaceous age.

Eni is working in the region alongside Vitol and Ghana National Petroleum Corporation, the Government of Ghana.

Although Eni has been operating in Sub Saharan Africa since the 1960s; the Italian oil major company began operating in Ghana in 2009. It currently operates two exploration offshore blocks OCTP and Keta.

Eni is Italy’s biggest energy company by market value.

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