News: Eni declares Eban-Akoma complex in Ghana commercially viable
Cape Town, South Africa (TradeArabia News Service) -- Ghana's oil and gas sector is showing signs of resurgence, truly revitalizing the industry. Eni's recent declaration of commerciality for the Eban-Akoma complex in Cape Three Points Block 4 marks a crucial turning point.
This discovery, estimated to hold between 500 and 700 million barrels of oil equivalent, is not just a milestone but also the country's largest offshore discovery in years. Located adjacent to Eni's existing Sankofa production hub, the Eban-Akoma complex is set to play a pivotal role in fulfilling Ghana's energy needs.
The African Energy Chamber (AEC) supports this development, emphasizing its importance as a significant step forward in Ghana's upstream revival. This resurgence is expected to boost the economy and attract further investments, contributing to the stability and growth of the oil and gas sector. With enhanced production capabilities, Ghana stands to strengthen its position as a key player in the African energy landscape, paving the way for future opportunities and advancements.
"Ghana is proving that a clear regulatory environment, strong national institutions and consistent political will can unlock real energy growth," said NJ Ayuk, Executive Chairman of the AEC. "Ghana is open for business and serious about long-term energy security."
This positive trend promises to create jobs and foster development in related sectors, ultimately delivering benefits to the Ghanaian community as a whole.
Source: TradeArabia News Service
-- ENDS --