Page 13 - AfrOil Week 28 2021

AfrOil PROJECTS & COMPANIES AfrOil

The cost of building the petrochemical plant is expected to reach $7.5bbn (Photo: SCZone)

The parties will co-operate on project manage- August, the statement said.
ment, engineering design services and the con- Bechtel, Technip and Saipem have already
struction of the facility, which will be the largest assisted the Egyptian Petrochemicals Holding
of its kind in Africa, according to the Egyptian Company (ECHEM) in conducting preliminary
government. studies for the project. The US-based company
Red Sea National Refining and Petrochemi- is also reported to be securing funding from
cals Company and Bechtel are expected to sign a unnamed international institutions for the exe-
Service-Level Agreement for the project in early cution of the project. ™

Eni finds oil at Eban field offshore Ghana

GHANA ITALY’S Eni reported last week that it had
discovered a significant volume of crude oil at
Eban, a prospect within the licence area known
as Cape Three Points (CTP) Block 4 offshore
Ghana.
In a statement, Eni explained that it had
found the oil in Eban-1X, the second explo-
ration well drilled at the block. It said it had
used the Saipem 10000 drillship to sink the
well to a depth of 4,179 metres at a site lying in
545-metre-deep water.
The well encountered a single column of light
crude oil measuring approximately 80 metres in
a thick interval of sandstone within the Ceno-
manian layer, it noted. The column extended
down to a true vertical depth of 3,949 metres,
it added. Eban can be connected to a nearby FPSO via subsea tie-ins (Photo: Eni)
The Italian company went on to say that it
had assessed the discovery after carrying out a The company described Eban and Akoma as
comprehensive analysis of 3-D seismic datasets, part of a single complex that appeared to con-
reservoir properties and pressure and fluid data tain 500-700mn barrels of oil equivalent (boe).
acquired from the well. This analysis indicates Together with Sankofa, it said, these two fields
that Eban is similar to Akoma and Sankofa, the bring the total resources of CTP Block 4 up to
other discoveries made at CTP Block 4, it stated. more than 1.1bn boe. (The reserve estimate may
Production testing data also show that devel- rise following the drilling of an appraisal well,
opment wells may yield around 5,000 barrels it added.)
per day (bpd), similar to the yields observed at Eni said it expected to be able to fast-track the
Sankofa, which is already under development, development of the new field, which is close to
it reported. existing production infrastructure.

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