Eni, OCTP Partners Sign Agreement with Ghana to Boost Energy Production and Drive Sustainability

Eni, together with its Offshore Cape Three Points (OCTP) partners Vitol and the Ghana National Petroleum Corporation (GNPC), has signed a Memorandum of Intent with the Government of Ghana to scale up energy production and advance sustainable initiatives.

The agreement, signed in the presence of President John Dramani Mahama, was formalized by Ghana’s Minister of Energy and Green Transition and the Minister of Finance. It seeks to develop a comprehensive investment plan aimed at delivering reliable, affordable, and environmentally responsible access to energy.

Key areas of focus include a potential increase in production capacity at the OCTP project, integrating offshore and onshore upgrades to meet Ghana’s growing domestic energy needs. The partners will also explore new opportunities in the Eban-Akoma field, located in Cape Three Points Block 4. Following its declaration of commerciality in July 2025, the field is expected to become a significant supply source, benefiting from existing infrastructure to maximize value and reduce time to market.

Eni and its OCTP partners have so far invested over USD 10 million in social programs, directly supporting more than 10,000 beneficiaries in education, clean water, health, hygiene, and local economic development. A second phase of the initiative will expand these efforts and introduce services dedicated to the growth of micro, small, and medium-sized enterprises.

Operating in Ghana since 2009, Eni currently produces about 34,000 barrels of oil equivalent per day. It holds a 44.4% stake in the OCTP project, alongside Vitol (35.6%) and GNPC (20%). Since production began in 2018, OCTP has delivered over 107 million barrels of oil and 480 billion standard cubic feet of gas—covering roughly 70% of Ghana’s gas demand for power generation.

Beyond energy production, the joint venture also runs programs in training, economic diversification, water and sanitation, and improved access to energy.