• Education

    Eni and Ghana move to expand oil and gas output

    AnyFans Posted on

    By Maryana Ahmadova

    Copyright trend

    Eni and Ghana move to expand oil and gas output

    BAKU, Azerbaijan, September 16. 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 to expand oil and gas
    production and launch new sustainable initiatives, Trend

    The agreement was signed in the presence of President John
    Dramani Mahama.

    The plan will explore an increase in OCTP production capacity
    and assess development of the Eban-Akoma field in Cape Three Points
    Block 4, declared commercial in July 2025. The field is expected to
    become a significant new source of supply, building on existing
    infrastructure to quickly meet Ghana’s growing domestic energy

    The partners have already invested more than $10 million in
    community programs, benefiting over 10,000 people through
    education, clean water, healthcare, and local economic development.
    A second phase of initiatives will expand support, including
    services for small and medium-sized enterprises.

    Eni, present in Ghana since 2009, holds a 44.4% stake in the
    OCTP project, alongside Vitol (35.6%) and GNPC (20%). Since 2018,
    the project has produced over 107 million barrels of oil and 480
    billion cubic feet of gas, covering around 70% of Ghana’s gas
    demand for power generation.

    You Might Also Like