Eni begins production from Ghana's Sankofa field
Eni has started oil production from the Sankofa field in offshore Ghana.
In order to mark the formal start of production from the 45,000bpd field, Ghana President Nana Akufo-Addo opened the valves on the floating production, storage and offloading vessel, the John Agyekum Kufuor, reported Reuters.
The vessel is capable of producing up to 85,000boepd.
Akufo-Addo was quoted by the news agency as saying: "The need for creative thinking to leverage our oil and gas production for national development is a charge for us to keep, and we must not fail our people."
At the event, officials of the Italian company noted that Sankofa was completed three months ahead of schedule and also within the budget.
The Sankofa field represents the first phase of the $7.9bn Offshore Cape Three Points (OCTP) project, which is nearly 60km offshore Ghana’s west coast and is expected to deliver 180 million cubic feet of natural gas daily by the end of the next year.
Eni holds a 44.44% stake in the whole OCTP project.
Other partners in the project are Vitol with 35.56% working interest and state oil company Ghana National Petroleum holding a combined carried and participating interest of 20%.