The Octp started in 2009

Source: eni.com

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.

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 ...

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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

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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.

Results (213)

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 [...] communities to benefit from the Project and its existing and future implementation commitments . Continuing collaboration with IFC/World Bank, OCTP ...

12 May 2016 eni.com Section: media

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

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 [...] Cape Three Points block, with a 44.44% share. The OCTP project start-up was achieved in just ...

12 May 2016 eni.com Section: enipedia

The exploration model and projects

per cent stake); and (iii) the start-up of seven additional production wells. Planned development activities include the drilling of additional production wells, with start-up expected in 2018, and the construction [...] to the Litchendjili hub in the Marine XII block. In February 2017, production start-up was achieved at ...

8 June 2018 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 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

2017 portfolio development

the forecast on production Production start-up was achieved earlier than scheduled at the operated project of East Hub in Angola, Offshore Cape Three Points (OCTP) in Ghana, Jangkrik in Indonesia and Zohr [...] offshore, with estimated resources of approximately 450-650 million boe. Start-up is expected in 2022. Achieved the ...

9 August 2017 eni.com Section: enipedia

Eni reaches all-time production record

production record 310 k boe/d Eni's production in the fields East Hub, OCTP, Jangkrik, Zohr 310 k boe/d Eni's production in the fields East Hub, OCTP, Jangkrik, Zohr 160 k boe/d 2017 production for Eni in the four [...] described it. Our record In 2017, Eni ...

21 December 2017 eni.com Section: operations

2016 portfolio development

production re-start of the Kashagan field (Eni's interest 16.81%) with the fully replacement of the damaged pipelines. Production capacity of 370 kbbl/d is expected by the end of 2017 start-up of M'Pungi [...] Hub Development project in the offshore Block 15/06 (Eni operator with ...

9 August 2017 eni.com Section: enipedia

2017: annual and fourth quarter performances

2017 this model has produced 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 [...] OPEC cut . We recorded many major successes during the year, with the biggest achievement being ...

27 April 2018 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

Upstream

East Hub and OCTP, converting unused assets saved on development costs and sped up timescales. Keep reading Supergiant Zohr's first gas The Zohr gas field off the Egyptian coast will start production in [...] 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

model The main recent start-ups are 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, [...] Ghana, the Kashagan restart in Kazakhstan, the accelerated start-up of the giant Zohr ...

10 August 2017 eni.com Section: enipedia

First half 2017 performance

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 ...

28 February 2018 eni.com Section: enipedia

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

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

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 [...] investments. To this end, in 2016, we launched the inter-functional "Local Content Assessment Model ...

28 June 2018 eni.com Section: Sustainability

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 results

which approximately 90% oil. Scheduled a fast-track development plan. Coral project Sanctioned by the partners the development project for the exclusive reserves in Area 4 in Mozambique amounting to 16 TCF [...] production at record level 1.82 million boe/d, the highest ever level, with a 5.3% growth vs ...

6 April 2017 eni.com Section: company