Occidental Divests Ghana Assets for $750mn

(Occidental, 13.Oct.2021) — Occidental (NYSE:OXY) agreed to sell its interests in two Ghana offshore fields for $750mn to Kosmos Energy ($550mn) and Ghana National Petroleum Corporation (GNPC) ($200mn), prior to closing adjustments to reflect an 1 April 2021 effective date. The sale to Kosmos closed upon signing and the sale […]

Eni Find Oil In Ghana’s Block 4

(Eni, 6.Jul.2021) — Eni announces a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and […]

Eni Awarded New E&P License Offshore Ghana

(Eni, 3.Jul.2019) — Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidate its presence in the Country. Eni will be the Operator of the license […]