Eni boosts its kitty on OCTP with first oil find

By Barry Morgan London

 27 September 2012 22:59 GMT

ITALIAN major Eni has made a potentially commercial oil find in its Offshore Cape Three Points (OCTP) licence off Ghana.

Moves to delineate the size of the Sankofa East-1X discovery are in hand and expected to “confirm the feasibility of a commercial development”, said the operator.

The probe was sunk in a water depth of 825 metres and hit 28 metres of gas and condensate pay and 76 metres of gross oil pay in Cretaceous sandstones.

Drilled to a total depth of 3650 metres, the well was tested at the oil horizon only, and yielded a flow rate of 5000 barrels per day of “high quality crude”. However, Eni said flow rates were…

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