INTERNATIONAL NEWS

Ghana Calls For Unitization Of Two Deepwater Fields

Ghana’s government is seeking a unitization agreement between the partners in the offshore Afina and Sankofa fields, according to the African Energy Chamber.

This follows the government’s declaration earlier this year that the two discoveries share the same Cenomanian reservoir.

Ghanaian independent Springfield Energy drilled the Afina-1 well in 1,030 m (3,379 ft) water depth last October on the West Cape Three Points 2 (WCTP2) license, finding light oil and gas. The company estimates reserves at 1.5 Bbbl and 0.7 tcf.

Eni operates Sankofa in the neighbouring Offshore Cape Three Points (OCTP) license.

Minister of Energy John-Peter Amewu, in a letter sent to SEP and Eni early last month, reportedly called for unitization talks to be completed within 120 days.

NJ Ayuk, executive chairman of the African Energy Chamber, said: “Fast-tracking the development of these fields is very positive given current market dynamics and ensures that a credible Ghanaian operator will start producing at a time when other players are shying away from investing in Africa’s upstream.”

Springfield holds an 84% interest in WCTP2, in partnership with the Ghana National Petroleum Corp. and its exploration company, EXPLORCO.

Eni operates the OCTP block with a 44.44% interest, the remainder held by Vitol and GNPC. The block reportedly contains 40 bcm of non-associated gas and 500 MMbbl of oil, and has been in production since 2017 through the FPSO John Agyekum Kufuor.

Source: Offshore

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