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

Eni reaches all-time production record

1 million and 950 thousand barrels of oil equivalent per day.

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From Enipics

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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

From Enivideochannel

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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

The OCTP project in Ghana

The OCTP project in Ghana Oil and gas, access to energy and economic development. The OCTP project in Ghana Oil and gas, access to energy and economic development. The integrated project bringing energy [...] launched production of the Integrated Oil and Gas Development Project in the OCTP block in May 2017 ...

15 March 2018 eni.com Section: operations

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 [...] Production Ltd is the Operator (47.222%) of the Project with Vitol Ghana Upstream (37,778%) and ...

12 May 2016 eni.com Section: media

Eni’s activities in Ghana

expected by mid-2018. The OCTP project is the only non-associated gas development project in deep water entirely dedicated to the domestic market in Sub-Saharan Africa. This project will ensure at least 15 [...] Offshore Cape Three Points (OCTP) area Eni offices and contacts in the country Upstream Eni is present in ...

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 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 [...] joint venture between Eni, Vitol and the Ghana National Petroleum Corporation OCTP project, of which Eni is the operator ...

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

Eni’s relations with local communities

development of the Oil & Gas fields of Sankofa, Sankofa East and Gye Nyame, within the OCTP block , with a project that will enable the provision of local gas to fuel the electricity power stations of Ghana [...] and Social Sustainability" of the International Finance Corporation (IFC), Eni Ghana OCTP as operator ...

12 May 2016 eni.com Section: Sustainability

The exploration model and projects

in Angola, Nooros and Zohr in Egypt, Nené Marine in the Republic of Congo, Jangkrik in Indonesia and OCTP in Ghana. Here are a few more details about dual exploration and the projects it was successfully [...] analyses for development are made during exploration. The information collected enables us to improve ...

9 May 2018 eni.com Section: operations

Eni’s activities in the energy industry

(with the Nené Marine field ), in Egypt (the Zohr and Nooros projects), in Ghana ( OCTP ) and in Indonesia (the Jangkrik project ) . The skills and commitment of our people have made us best in class in exploration, [...] development and allows us to seize opportunities where others see only difficulties . Zohr in ...

6 April 2017 eni.com Section: operations

The six legged dog history

of Norway, Eni starts production at the first oil field in the Barents Sea. 2016 The Integrated OCTP Project will provide the country with oil and gas, jobs and growth. 2018-2036

12 May 2016 eni.com Section: company

2017: annual and fourth quarter performances

excellent results in terms of both start-ups and ramp-ups: in addition to Zohr, the East Hub project in Angola, OCTP in Ghana and Jangkrik in Indonesia started production with a very short time-to-market and

27 April 2018 eni.com Section: enipedia

2016 portfolio development

up of the East Hub Development project in the Block 15/06, five months earlier than scheduled and with a time-to-market among the best in the industry. The East Hub project will develop the reservoir in [...] expected by the end of 2017 start-up of M'Pungi and M'Pungi North ...

9 August 2017 eni.com Section: enipedia

The assets and operations of development of Eni's oilfields

up of the East Hub Development project in the Block 15/06, five months earlier than scheduled and with a time-to-market among the best in the industry. The East Hub project will develop the reservoir in [...] expected by the end of 2017; start-up of M'Pungi and M'Pungi North ...

4 May 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 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

Our Africa

ahead of schedule as defined in our development plan, the Integrated Oil & Gas Development Project, in the OCTP block off the coast of Ghana, has entered production. 2017

1 January 2016 eni.com Section: media

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

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, the

10 August 2017 eni.com Section: enipedia

How we operate

the West Hub and East Hub in Angola; Nené Marine in the Republic of Congo; Zohr and Nooros in Egypt; OCTP in Ghana; and Jangkrik in Indonesia. Perfect integration With the increasing integration of upstream

4 September 2017 eni.com Section: operations