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) 20/20
Source: 2017-2020 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.

Gas Advocacy

Eni is focused on continuous growth based on exploration and the creation of long-term value, for a future in which everyone can have efficient and sustainable access to energy. To this end, it has embarked on an energy transition towards a low-carbon future that gives natural gas a central role alongside the growing development of renewable sources. In fact, gas advocacy, along with the promotion of renewables, can help eliminate the use of more polluting fossil fuels, such as coal, which is responsible for more than 70% of CO₂ emissions in the electricity sector. As a demonstration of this commitment, gas accounts for 51% of Eni’s consolidated reserves.

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ENI's great transformation - Fit for complexity

Eni has changed a lot during the last three years in order to face the challenges of the market and to better address the three major shocks that have affected the energy sector: the collapse of gas consumption in Europe; the decline of oil demand in Europe and refining margins ...

eniday

From Enivideochannel

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All set for the voyage to Ghana - OCTP Project | Eni Video Channel

The construction of the FPSO John Agyekum Kufuor prior to the final module assembly phase in Singapore. Offshore Cape Three Points (OCTP) is an integrated oil and gas development project that is making an important contribution to energy access in Ghana. Subscribe on Eni Video Channel https://www.youtube.com/channel/UC4T5-TgmOJWXgeOLGwj-Ekw ----- Want more from Eni? Facebook: https://www.facebook.com/EniItalia/?fref=ts Twitter: https://twitter.com/eni https://twitter.com/Eniday Instagram: https://www.instagram.com/eni/ Flickr: https://www.flickr.com/photos/enidigital/albums Google+: https://plus.google.com/u/2/106162487688494239281/posts

From Enivideochannel

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Our path to long term value - Strategy Presentation 2017-2020 | Eni Video Channel

Eni’s Top Management presents the 2016 Results – 2017-2020 Strategy. Find out more on https://www.eni.com/en_IT/home.page Subscribe on Eni Video Channel https://www.youtube.com/channel/UC4T5... ----- Want more from Eni? Facebook: https://www.facebook.com/EniItalia/?f... Twitter: https://twitter.com/eni https://twitter.com/Eniday Instagram: https://www.instagram.com/eni/ Flickr: https://www.flickr.com/photos/enidigi... Google+: https://plus.google.com/u/2/106162487...

From Enivideochannel

Visit the official channel YouTube

How we reach a record - #EniRecord | Eni Video Channel

Seven special projects with one thing in common: extremely rapid approval and production start-up times. Find out more on https://www.eni.com/en_IT/media/focus-on/eni-record-eng.page Subscribe on Eni Video Channel https://www.youtube.com/channel/UC4T5-TgmOJWXgeOLGwj-Ekw ----- Want more from Eni? Facebook: https://www.facebook.com/EniItalia/?fref=ts Twitter: https://twitter.com/eni https://twitter.com/Eniday Instagram: https://www.instagram.com/eni/ Flickr: https://www.flickr.com/photos/enidigital/albums Google+: https://plus.google.com/u/2/106162487688494239281/posts

From Enivideochannel

Visit the official channel YouTube

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

An overview on OCTP Project. Find out more: https://www.eni.com/en_IT/home.page Subscribe on Eni Video Channel https://www.youtube.com/channel/UC4T5-TgmOJWXgeOLGwj-Ekw ----- Want more from Eni? Facebook: https://www.facebook.com/EniItalia/?fref=ts Twitter: https://twitter.com/eni https://twitter.com/Eniday Instagram: https://www.instagram.com/eni/ Flickr: https://www.flickr.com/photos/enidigital/albums Google+: https://plus.google.com/u/2/106162487688494239281/posts

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. OCTP will provide domestic [...] and where needed most. Eni Ghana Exploration and Production Ltd is the Operator (47.222%) of the Project ...

12 May 2016 eni.com Section: media

Exploration model

production chains. Our Upstream model Eni's exploration strategy is driven by time-to-market speed and cost-effectiveness while converting discoveries into production. How to reach first oil before other companies [...] few more details about dual exploration and the projects it was successfully applied to. Design to cost - the overlapping of ...

31 August 2017 eni.com Section: operations

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 only two-and-a- [...] & Gas Development Project in the Ghana offshore block. Back in January 2015, we signed an agreement ...

14 September 2017 eni.com Section: operations

Exploration in 2016

the Goliat field in the Barents Sea in Norway, the Jangkrik project in Indonesia, the oil and gas development of the Offshore Cape Three Points (OCTP) licence in Ghana, the Kashagan restart in Kazakhstan, [...] resources were discovered, at a unit cost of $0.6/boe. The exploration resources discovered over ...

10 August 2017 eni.com Section: enipedia

Access to energy in Ghana

also took part in the visit. GHANA What is this project? What is this project? Offshore Cape Three Points is an integrated oil and gas development project that will make an important contribution to providing [...] presence of President Akufo-Addo and Eni CEO Claudio Descalzi. Offshore Cape Three Points (OCTP) is ...

3 February 2017 eni.com Section: media

Eni’s sustainability projects in Ghana

Cape Three Point oil and gas project (OCTP) the Livelihood Restoration Plan applied in the country to support local families and encourage socio-economic development the project launched by the Eni Foundation [...] access to energy is Ghana. In fact, Eni has launched the integrated Oil and Gas Offshore Cape Three Points ...

12 May 2016 eni.com Section: enipedia

First half 2017 Results

reaching a growth rate of over 6 per cent. These results have been achieved while maintaining an efficient cost structure, which will enable us to reduce our capital expenditure (CAPEX) by 18 per cent compared [...] Cabaça South East field began after just three years - five months ahead of schedule. The ...

2 August 2017 eni.com Section: operations

First half 2017 Results

reaching a growth rate of over 6 per cent. These results have been achieved while maintaining an efficient cost structure, which will enable us to reduce our capital expenditure (CAPEX) by 18 per cent compared [...] Cabaça South East field began after just three years - five months ahead of schedule. The ...

2 August 2017 eni.com Section: operations

Eni’s activities 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 Exploration & Production In March [...] block (Eni's interest 44.44%). In case of exploration success, the block will benefit from the OCTP project ...

12 May 2016 eni.com Section: enipedia