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Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project in Ghana. The company said that the Sankofa field would supply 180 million SCFD, and will continue to do so for the next 15 years. The FPSO vessel “John Agyekum Kufuor” was deployed at the field, and production began from two fields connected to the vessel.
In a major restructuring attempt, the Nigerian-energy group, Forte Oil Plc has revealed its intentions to divest its upstream services business (Forte Upstream Services Limited); power-generating business (Amperion Power Distribution Limited) and downstream business in Ghana (AP Oil & Gas Ghana Limited). Forte Oil would be using the funds from divestment on the downstream marketing business. This move will boost its distributable earnings for the benefit of shareholders.