Eni and its Offshore Cape Three Points (OCTP) partners — Vitol and the Ghana National Petroleum Corporation (GNPC) — have signed a Memorandum of Intent with the Government of Ghana aimed at increasing oil and gas production while advancing sustainable energy initiatives.
The signing ceremony, which took place in the presence of President John Dramani Mahama at the Kempinski Hotel during Africa Oil Week, marks a significant step toward strengthening Ghana’s energy security and meeting growing domestic demand.
Integrated Energy Investment Plan in Focus
The agreement, signed by the Ministers of Energy and Green Transition and Finance on behalf of the government, outlines plans to develop a comprehensive and integrated investment framework. The objective is to provide reliable, affordable, and low-impact energy access for Ghanaians.
A key highlight of the plan includes a proposed increase in production capacity at the OCTP project, leveraging synergies between offshore and onshore infrastructure upgrades.
Development of Eban-Akoma Field on the Horizon
The collaboration also extends to the evaluation of new exploration activities, including the potential development of the Eban-Akoma field in Cape Three Points Block 4. This follows the declaration of commerciality in July 2025, positioning the field as a major future energy source. The project will capitalize on existing infrastructure to reduce time-to-market and maximize value.
Commitment to Social Investment and Local Development
Beyond oil and gas production, the partners reaffirmed their commitment to social impact. To date, Eni and its OCTP partners have invested over $10 million in programs focused on education, clean water, health, hygiene, and local economic development, directly benefiting more than 10,000 people.
A second phase of social investment will introduce new initiatives, including expanded support for micro, small, and medium-sized enterprises (MSMEs).
Eni’s Operations in Ghana
Eni has been active in Ghana since 2009 and currently operates the OCTP project with a 44.4% stake, alongside Vitol (35.6%) and GNPC (20%). The project has produced over 107 million barrels of oil and 480 billion standard cubic feet (Bscf) of gas since 2018 — meeting around 70% of Ghana’s gas demand for power generation.
The OCTP joint venture continues to prioritize a holistic development approach, combining energy production with training, economic diversification, water and sanitation access, and clean energy solutions.
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