OCTP Project

Focus on

OCTP Project

A substantial contribution to energy access and the economic development of the country

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, and Eni CEO Claudio Descalzi met on 3 November in Accra to discuss Eni’s activities in the Country, where operational activities are complemented by programs to enhance access to energy, socio-economic development, health promotion and development of renewable energy sources. The OCTP development project is a concrete example of our “dual flag” approach: the contribution to local economy is measured by 48% of contracts being awarded to local companies, about 2,300 Ghanaians employed in the different projects and operational activities, and about $1.3mln destined to scholarships and training activities every year.

A happy day in Ghana: President Nana Akufo-Addo, in his first visit to the FPSO Kufuor with Eni CEO Claudio Descalzi, symbolically started production from the Sankofa oil field. It is the first field of the integrated Offshore Cape Three Points (OCTP) to start production, and in a record time. The Energy Minister Boagye Agyarko, the CEO of the Petroleum Commission Theophilus Ahwireng, and project partners GNPC e Vitol also took part in the visit.

Starting production only two and a half years after the approval of the Development Plan is an extraordinary result and a reason for great pride. This is a result we are especially proud of, because it fits perfectly into the joint development vision that we have for Africa: we grow when the countries that host us also grow.

Claudio Descalzi

GHANA

What is this project?

The Integrated Oil&Gas Development Project is the only deep-water non-associated gas development in Sub-Saharan Africa entirely dedicated to domestic gas, and will grant Ghana over 15 years of reliable gas supply at a competitive price, thus giving a substantial contribution to energy access and the economic development of the country.

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ENERGY

Benefits of the project

Natural gas, available locally at accessible prices through the OCTP project, will ensure a cleaner, safer energy supply with better distribution.

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SUSTAINABILITY

How we help local communities

Eni Ghana and partners are committed to operating responsibly to protect and support local communities and the environment, conforming to Eni's sustainability regulations and the World Bank’s standards of social and environmental sustainability. Eni Ghana, as an OCTP operator, has developed a livelihood restoration plan to support families affected by the project.

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OCTP FIGURES

  • 60km

    distance of OCTP from Ghanaian coast

    60 km

    Ghanaian coast - Western Region

  • 41billion

    cubic metres

    41 billion

    non-associated gas

  • 500million

    barrels of oil

    500 million

    capacity

FPSO

ORF

After setting sail from Singapore on 28 February, after 40 days the vessel reached Ghana on 10 April. The FPSO (floating production, storage and offloading vessel), John Agyekum Kufuor will operate in the Offshore Cape Three Points (OCTP) project in Ghana. The project will provide gas for domestic consumption and to supply national electricity generating power stations for more than 15 years. The naming ceremony for the FPSO was held in Singapore on 3 February.

On 30 April in Sanzuele, in the district of Ellembelle, Western region, a ceremony to inaugurate the start of work on the Offshore Cape Three Points (OCTP) gas project took place, with the President of Ghana, John Dramani Mahama, presiding. After the opening ceremony, featuring speeches by local community representatives, the managing director of Eni Ghana, Fabio Cavanna, presented the project on behalf of the OCTP joint venture.

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