Offshore Cape Three Points (OCTP) is an integrated project for developing fields of oil and unassociated gas. It is the only unassociated gas development project that entirely dedicated to the domestic market in sub-Saharan Africa. We are an operator with 44.44% of the permit for OCTP, which is governed by a concession agreement. The block, which has reserves of about 40 billion m3 of unassociated gas and 500 million barrels of oil, is located about 60 kilometres off the coast of western Ghana . The Sankofa and Gye Nyame fields are developed through wells and systems on the seabed, and linked through pipelines to the floating production, storage and offloading (FPSO) unit John Agyekum Kufuor.
We began production in OCTP in May 2017, just two and a half years after the project was approved. Production began three months before the date in the development plan, with an excellent time-to-market. We also have a share of 42.47% in the offshore exploration licence Cape Three Points Block 4, where in 2019 we drilled the exploratory well Akoma - 1X, finding sizeable gas and associated condensate resources. This discovery presents more potential for oil and gas and will be subject to a campaign of drilling.
In 2019 development activity of the OCTP oil and gas project was completed.
For us, workplace safety is a fundamental principle that we share with employees, contract workers and local communities. That is why we implement all the necessary measures to avoid accidents, including organisational models to assess and manage risks, training programmes, skills development and the promotion of a culture of safety.
The Sankofa oil field was discovered thanks to our technologies for studying subsoil. It lies deeper than the gas field at the same location, discovered earlier. Advanced seismic imaging and field modelling have let us reconstruct subsoil in very high definition, which speeds up development times. These technologies rely on the computing power of the Green Data Center in Ferrera Erbognone, near Pavia, where our IT processing systems like HPC4 can do 22.4 million billion operations a second.
FPSO John Agyekum Kufuor left Singapore on 28 February 2017 and, after a 40-day journey, reached Ghana on 10 April. The floating unit is a great example of how we reuse existing assets, having been built from a completely converted oil tanker, which saved us a great deal of cost and time compared to building a new FPSO from scratch.
Energy is an incredibly important part of our industrial growth. Before discovering the Sankofa field, the energy supply available to us was very unstable, but now that our electricity is constant, we're much more competitive in the market
The gas fields in OCTP has provided a continuous supply to Ghana's thermoelectric generation system since 2018 and will do so for another 15 years at least, and quite possibly 20, thanks to long-term contracts with the government. Developing national gas resources in Ghana is a priority in improving access to energy in the country, increasing sector profits and creating a flow of extra revenue for the government. Natural gas, available locally at affordable prices, gives people a more stable, clean and safe energy supply. The development project for OCTP, is an example of our dual flag approach, as 49% of its contracts were assigned to local companies, 75% of staff are local and every year $1.3 million are spent on scholarships and training.
Finally, because it has zero flaring and emissions, the project has a minimal environmental impact. Another environmental benefit of unassociated gas is that it replaces petrol in existing plants and feeds new power stations.
We have never done exploration or development work for hydrocarbons within the boundaries of natural sites on the UNESCO World Heritage list, and in May 2019, we formally committed never to do so, officially instating a biodiversity and ecosystem services (BES) policy that we had already followed in our operations and which is part of our path of transformation. We are committed to long-term investment, going beyond profit priorities in the short term from the operating and social point of view, as recognised in our new company mission, which is inspired by the UN's Sustainable Development Goals.
Our results so far
A few highlights about our successful work so far in OCTP:
42
kboe/d
produced in Eni's share in 2019
60 km
distance of OCTP from the coast of western Ghana
40
billion m³
unassociated gas on site
500
million
barrels of oil on site
58,000
bbl/d
oil processing capacity
19
undersea wells connected to the FPSO
63 km
length of gas pipeline to the coast
Press releases
Keep up to date with the latest news about our work in the country and our projects in the region.
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