Ghana go-ahead for Eni and Vitol deep-water development
The $7bn development will be crucial for Ghana when it starts to flow in 2018
Eni and partner Vitol are to move ahead with a multi-field deep-water development which will produce oil for export and gas for the Ghanaian market. The $7 billion investment, described as transformational for the electricity-short country, will see gas landed for power generation for more than 15 years. The development covers fields in the Offshore Cape Three Points block, off western Ghana, where the exploration campaign was completed only two years ago. Three non-associated gasfields, Sankofa Main, Sankofa East and Gye Nyame, and two oilfields, Sankofa East Cenomanian and Sankofa East Campanian, will be brought on stream through a floating production, storage and of-floading vessel. Reser
Also in this section
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
