{"id":391584,"date":"2017-05-22T09:42:17","date_gmt":"2017-05-22T09:42:17","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/05\/22\/eni-begins-production-of-oil\/"},"modified":"2017-05-22T09:42:17","modified_gmt":"2017-05-22T09:42:17","slug":"eni-begins-production-of-oil","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/05\/22\/eni-begins-production-of-oil\/","title":{"rendered":"ENI begins production of oil"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p class=\"MsoNormal\">Production of oil from the country\u2019s third independent oil and gas field, operated by Italian oil giant, Ente Nazionale Idrocarburi (ENI), began from the Offshore Cape Three Points (OCTP) in the Western Region yesterday.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The lead operator, ENI, launched the production two-and-a half years after commencing the project, and three months ahead of schedule.<\/p>\n<p>&#13;\n\t\t\t<\/p><\/div>\n<div id=\"\">\n<p class=\"MsoNormal\">Production began after the company successfully installed all the subsea infrastructure and hooked it onto the production platform \u2013 FPSO John Agyekum Kufuor, which arrived in the country on April 10, this year and was anchored to the OCTP Field in the Tano Basin.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The field has a reserve of about 770 million barrels of oil equivalent (mboe). Out of that, 500 million barrels are oil and 270 million barrels are non-associated gas.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">President Nana Addo Dankwa Akufo-Addo is expected to symbolically turn on the knob for full production in the coming weeks.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\"><strong>The Wells<\/strong><\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The activities on the FPSO John Agyekum Kufuor\u00a0 will enable the company to produce up to 85,000 barrels of oil equivalent per day (boepd) from 18 underwater wells.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">Aside from that, the OCTP project includes the development of gas fields, which will provide critical answers to limited fuel for power generating units in Tema and Aboadze.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">With the commencement of production, the 63-kilometre submarine pipeline that will transport gas to the Sanzule onshore receiving facilities (ORF) would be put in place to transmit approximately 180 million standard cubic feet per day (mmscfd).<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\"><strong>Real progress<\/strong><\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The Chief Executive Officer (CEO)\u00a0 of ENI, Mr Claudio Descalzi, said the feat was the result of an extraordinary effort and partnership among the oil operators.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">He said the feat was also a testimony of the exploration skills and knowledge, as well as the field development vision of ENI and its partners, adding that \u201cit confirms the effectiveness of our new operational model, where ENI has a central role in project management, aimed at improving time-to-market\u201d.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">\u201cThis is a result we are especially proud of, because it fits perfectly into the joint development vision that we have for Africa. We grow when the countries that host us also grow,\u201d Mr Descalzi said.<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\"><strong>The benefits<\/strong><\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The takeoff of OCTP project is expected to provide gas for the country\u2019s energy sector for more than 15 years for electricity generation to boost the country\u2019s growth and transformation agenda.\u00a0<\/p>\n<p>&#13;<\/p>\n<p class=\"MsoNormal\">The achievements would allow the country to rake in more revenue from the oil, and value-added associated gas for reliable power and support the industrialisation drive of the country.<\/p>\n<p>&#13;<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t              <!-- new position --><br \/>\n          <!-- new position end -->\n\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Production of oil from the country\u2019s third independent oil and gas field, operated by Italian oil giant, Ente Nazionale Idrocarburi (ENI), began from the Offshore Cape Three Points (OCTP) in the Western Region yesterday. &#13; The lead operator, ENI, launched the production two-and-a half years after commencing the project, and three months ahead of schedule. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-391584","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ENI begins production of oil - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/05\/22\/eni-begins-production-of-oil\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ENI begins production of oil - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Production of oil from the country\u2019s third independent oil and gas field, operated by Italian oil giant, Ente Nazionale Idrocarburi (ENI), began from the Offshore Cape Three Points (OCTP) in the Western Region yesterday. &#013; The lead operator, ENI, launched the production two-and-a half years after commencing the project, and three months ahead of schedule. 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