Offshore Cape Three Points

OCTP is an integrated offshore deepwater development project located approximately 60 km off the coast of the western region of Ghana, which includes volumes of oil in place of about 500 million barrels of oil and non-associated gas, or around 41 billion cubic metres that will be used entirely by the domestic market for the production of electrical energy. The project has launched production in just two and a half years, and three months ahead of schedule, and thanks to 18 subsea wells connected to the FPSO "John Agyekum Kufuor" and a 63km pipeline, will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years. It is one of seven record-breaking projects from Eni, all of which are remarkable for their rapid approval rates and times to start-up.

Learn more Source: eni.com

Project Key-Facts

  • Project name OCTP Oil/Gas
  • Country Ghana
  • Operator Yes
  • Start-up 1H17/1H18
  • Equity peak in 4 YP (kboed) 49
Source: 2018-2021 Strategy Presentation

Plants

  • John Agyekum Kufuor

    The FPSO “John Agyekum Kufuor”, named after Ghana’s Former President Kufuor, is a floating production, storage and offloading (FPSO) vessel, that shall operate in Sankofa-Gye Nyame field in the Tano Basin, in Ghana’s offshore, for the Offshore Cape Three Points (OCTP) project. After setting sail from Singapore on 28 February, after 40 days the vessel reached Ghana on 10 April. The FPSO has an oil treatment capacity of 58,000 barrels per day and a gas treatment capacity of up to 210 million standard cubic feet per day. Additional facilities include a water injection module of up to 55,000 barrels per day and gas injection facilities of up to 150 million standard cubic feet per day.

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Offshore Cape Three Points (OCTP)

Offshore Cape Three Points (OCTP)

Dal battesimo all'avvio della produzione From the naming ceremony to the launch

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An integrated oil&gas development project - OCTP Project | Eni Video Channel

An overview on OCTP Project.

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Ghana's Gas - OCTP Project | Eni Video Channel

Eni starts gas production from OCTP Project.

The OCTP project in Ghana

industrial development. The OCTP project in Ghana The OCTP project in Ghana The OCTP project in Ghana The OCTP project in Ghana The OCTP project in Ghana The OCTP project in Ghana OCTP combines value creation [...] The OCTP project in Ghana Oil and gas, access to energy and economic development ...

13 July 2018 eni.com Section: operations

OCTP Project Benefits

Contacts OCTP Project Benefits Through reliable supply of power, the OCTP Project will contribute significantly to the economic growth of Ghana's in the short-to-medium term. Ghana domestic natural gas [...] service delivery for power continuity against shortages currently being experienced in-country. OCTP Project multiple benefits can be summarized in the ...

12 May 2016 eni.com Section: media

Ghana: the OCTP project

Contacts Ghana: the OCTP project The Offshore Cape Three Points (OCTP) is an integrated oil and gas development project being a major contribution to access energy in Ghana. Caption Description OCTP will provide [...] needed most. Eni Ghana Exploration and Production Ltd is the Operator (47.222%) of the Project with ...

12 May 2016 eni.com Section: media

Eni’s sustainability projects in Ghana

collection plant of the joint venture between Eni, Vitol and the Ghana National Petroleum Corporation OCTP project, of which Eni is the operator. The project foresees the production of around 45,000 barrels [...] Interview with Giada Namer Project Manager Eni Foundation Ghana pdf 1 MB Interview with Elsie Quarshie - Asst ...

12 May 2016 eni.com Section: enipedia

Gas advocacy

development and production. Gas and local benefit: access to energy with OCTP in Ghana The Offshore Cape Three Points (OCTP) project is making an important contribution to energy access in Ghana. In May 2017, [...] May 2017, we brought into production our Integrated Oil & Gas Development Project off the coast of ...

26 April 2018 eni.com Section: operations

Eni’s activities in Ghana

conducted by Eni in Ghana since 1960 the main development activities for oil and gas reserves concentrated in the Offshore Cape Three Points (OCTP) area Eni offices and contacts in the country Upstream Eni is [...] expected by mid-2018. The OCTP project is the only non-associated gas development project in deep ...

12 May 2016 eni.com Section: enipedia

Sustainability

goal to sustain their livelihoods and ensure they benefit from the economic activity generated by OCTP Project, pursuing sustainable development. In this regard, a sustainable and extensive social investment [...] to access long-term opportunities generated by the Project and in the wider area. In addition to the community investment program - described ...

12 May 2016 eni.com Section: media

The exploration model and projects

progress was made in the implementation phase of the onstream Nené Marine Phase 2A project in the Marine XII block (Eni operator, with a 65 per cent stake): (i) the installation and launch of a new production [...] the Marine XII block. In February 2017, production start-up was achieved at the ...

8 June 2018 eni.com Section: operations

Eni’s relations with local communities

Environmental and Social Sustainability" of the International Finance Corporation (IFC), Eni Ghana OCTP as operator of the project, put together a number of measures during the selection and acquisition of land [...] and abroad, Eni establishes relationships based on fairness, transparency and dialogue with local stakeholders, aimed at promoting collaboration with ...

12 May 2016 eni.com Section: Sustainability

Eni’s activities in the energy industry

see problems, we see opportunities Eni has Upstream operations (the exploration, development and extraction of oil and natural gas) in 46 different countries. In 2017, Eni confirmed its leading position for [...] (with the Nené Marine field ), in Egypt (the Zohr and Nooros projects), in Ghana ( OCTP ) and in Indonesia (the ...

6 April 2017 eni.com Section: operations

Local Content: the new Mattei Formula

with IFC and World Bank requests. In 2017, the model was extended to the production phase of the OCTP project, in Angola (West Hub and East Hub) and to Central Northern Italy, studying the value generated [...] benefits generated at local level and to support the company in defining the Local ...

28 June 2018 eni.com Section: Sustainability

2016 portfolio development

projects, such as: the Goliat Norwegian fields (Eni operator with a 65% interest) in the Barents Sea, achieving a production plateau of 100 kboe/d (65 kboe/d net to Eni) production re-start of the Kashagan field [...] end of 2017 start-up of M'Pungi and M'Pungi North within the ...

9 August 2017 eni.com Section: enipedia

The six legged dog history

of all Eni becomes a public limited company and starts the privatisation process. 1992 Eni reaches it's first half century with big exploration successes and new discoveries. 2003 The Istituto Eni Donegani [...] culture. Times have changed, but our values have remained the same. Eni: yesterday, today and tomorrow New ...

12 May 2016 eni.com Section: company

The assets and operations of development of Eni's oilfields

projects, such as: the Goliat Norwegian fields (Eni operator with a 65% interest) in the Barents Sea, achieving a production plateau of 100 kboe/d (65 kboe/d net to Eni); production re-start of the Kashagan field [...] end of 2017; start-up of M'Pungi and M'Pungi North within the ...

4 May 2017 eni.com Section: operations

2017: annual and fourth quarter performances

fourth-quarter results for 2017 reveal growth at Eni, more than doubling the adjusted net profit and adjusted operating profit for the third quarter. In 2017 Eni saw an adjusted operating profit of 5.8 billion [...] excellent results in terms of both start-ups and ramp-ups: in addition to Zohr, the East ...

27 April 2018 eni.com Section: enipedia

First half 2017 Results

to reduce our capital expenditure (CAPEX) by 18 per cent compared with 2016. The East Hub (Angola), OCTP (Ghana) and Jangkrik (Indonesia) projects came on stream ahead of schedule . The first of these boasts [...] Cabaça South East field began after just three years - five months ahead of schedule. The second ...

2 August 2017 eni.com Section: operations

First half 2017 Results

to reduce our capital expenditure (CAPEX) by 18 per cent compared with 2016. The East Hub (Angola), OCTP (Ghana) and Jangkrik (Indonesia) projects came on stream ahead of schedule . The first of these boasts [...] Cabaça South East field began after just three years - five months ahead of schedule. The second ...

2 August 2017 eni.com

First half 2017 performance

commercial services. Documents Press Release | Eni results for the second quarter and half year 2017 pdf 364 KB Q1 2017 Results Presentation pdf 1 MB Press Release | Eni results for the second quarter and half [...] to reduce our capital expenditure (CAPEX) by 18 per cent compared with 2016. The East ...

28 February 2018 eni.com Section: enipedia

Upstream

again after the discovery of Merakes. Use of existing assets At Nené Marine, West and East Hub and OCTP, converting unused assets saved on development costs and sped up timescales. Design to cost The [...] again after the discovery of Merakes. Use of existing assets At Nené Marine, West and East ...

31 August 2017 eni.com Section: operations

Exploration in 2016

exploration wells (10.2 for Eni). The commercial success rate is at the top levels for the industry (50% for Eni). At the end of the year there were 79 wells in progress (40 for Eni). Exploration wells and [...] hydrocarbon reserves In 2011, 16 new exploration wells (10.2 for ...

10 August 2017 eni.com Section: enipedia