By Nathan Allen

Eni SpA (ENI.MI) said Thursday that it has made a gas and condensate discovery on the Akoma exploration prospect offshore Ghana.

The well has an estimated volume of between 550 billion and 650 billion cubic feet of gas and between 18 million and 20 million barrels of condensate, Eni said.

"The discovery has further additional upside for gas and oil that will require further drilling to be confirmed," the company said.

Eni said the well is located around 50 kilometers offshore in waters about 12 kilometers northwest of the Sankofa production hub.

Eni is the operator of the block with a 42% stake, while Vitol Holding BV, Ghana National Petroleum Corp., Woodfields Upstream and Explorco hold minority stakes.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

May 09, 2019 05:59 ET (09:59 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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