Located about 50km off the coast of Ghana and 8km south west of the discovery well Sankofa East X1, the Offshore Cape Three Points (OCTP) block is estimated to contain nearly 450 million barrels of oil and recoverable resources of about 150 million barrels.
The well, which was spudded in 990 meters of water, reached a total depth of 4,050m and discovered extension of the oil reserve in the Cenomanian sequence.
Eni encountered 23m of gas and condensate gross pay (17m net), and 76m of gross oil pay (30° API, 32m net) in sands of cretaceous age.
Information from the drilling has confirmed hydraulic communication in the oil prone reservoir between the discovery and the appraisal well, which has prompted Eni to start commercial exploitation of the oil reserves.
Eni, through its subsidiary, Eni Ghana Exploration and Production holds about 47.2% interest in the block and also the operatorship.
Other stakeholders of the block comprise Vitol Upstream Ghana with a 37.8% interest and Ghana National Petroleum with the remaining 15% interest including an option for an additional 5% share.
