Offshore Cape Three Points (OCTP) is an integrated deepwater project in Ghana split into two stages: the development of first oil, then gas deposits. The operator is Eni Ghana Exploration and Production (44.44 per cent), along with its partners Vitol Ghana Upstream (35.56 per cent) and the Ghana National Petroleum Corporation (20 per cent). OCTP is around 60km (37 miles) from Ghana’s western coast and boasts approximately 40bn m3 of non-associated gas reserves and 500m barrels of oil. The project is a good example of step-by-step development, combining the development of oil and gas fields in two stages.
The Sankofa and Gye Nyame fields are accessed through wells and systems positioned on the seabed, connected through special pipes to the FPSO (floating production, storage and offloading) ship. Non-associated gas will be treated and transported through a 63km-long dedicated gas pipe to the Sanzule onshore plant. There it will be compressed and distributed to the Ghanaian domestic grid. The oil, meanwhile, is treated on the FPSO, then shipped via oil tanker for sale on the international market. The OCTP development project is concrete evidence of our dual-flag approach: 49 per cent of the contracts were awarded to local companies; roughly 2,300 Ghanaians are currently employed on the various projects and in operational work; and every year $1.3m is invested in scholarships and training.
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