Ghana’s upstream petroleum sector is set for potential expansion as Eni Ghana and Vitol Upstream Tano Limited take steps towards finalising agreements for two offshore blocks in the Tano Basin.
The companies have signed two Memoranda of Understanding (MoUs) with the Government covering the GH WB 3 and GH WB 8 blocks, a development that clears another stage towards the conclusion of petroleum agreements for the areas.
Minister for Energy and Green Transition, Dr John Jinapor, signed the MoUs on behalf of the Government, in the presence of executives of the Ghana National Petroleum Corporation (GNPC).
According to a statement issued by Eni Ghana and copied to the Ghana News Agency, the two blocks cover approximately 2,100 square kilometres, with water depths ranging between 750 and 2,800 metres.
The statement said the planned activities aligned with Eni’s near-field and Infrastructure-Led Exploration (ILX) strategy, which seeks to leverage existing infrastructure and proximity to producing fields to unlock additional exploration opportunities.
The latest development follows the signing of a Memorandum of Intent between the parties last year and reinforces Eni’s commitment to investment and exploration in Ghana’s upstream petroleum industry.
The company said the agreements would also contribute to the effective management and development of Ghana’s petroleum resources within the country’s legal and regulatory framework.
Eni has operated in Ghana since 2009 and currently records equity production of about 40,000 barrels of oil equivalent per day.
The company operates the Offshore Cape Three Points (OCTP) project, holding a 44.4 per cent interest, while Vitol holds 35.6 per cent and GNPC 20 per cent.
Beyond petroleum production, Eni said its joint venture portfolio included initiatives focused on skills training, economic diversification, water and sanitation, and access to energy.
