Ghana has signed a landmark Memorandum of Intent with Eni and its Offshore Cape Three Points (OCTP) partners — Vitol and the Ghana National Petroleum Corporation (GNPC) — to scale up oil and gas production while accelerating sustainable energy development.
The signing ceremony, held at the Kempinski Hotel in Accra during Africa Oil Week, was witnessed by President John Dramani Mahama. The agreement is expected to bolster Ghana’s energy security and help meet growing domestic demand.
Integrated Energy Investment Plan
Under the pact, the Ministries of Energy and Green Transition and Finance will work with Eni and its partners to design a comprehensive investment framework that ensures reliable, affordable, and environmentally responsible energy access.
Central to the plan is a proposed boost in production capacity at the OCTP project, supported by upgrades that integrate both offshore and onshore infrastructure.
Development of New Fields
The collaboration will also evaluate the development of the Eban-Akoma field in Cape Three Points Block 4, following its declaration of commerciality in July 2025. By leveraging existing infrastructure, the partners aim to fast-track first production and maximize resource value.
Social and Local Development Commitments
Beyond hydrocarbons, the partners reaffirmed their dedication to social impact programs. Since inception, Eni and its OCTP partners have invested over $10 million in initiatives spanning education, clean water, health, hygiene, and local enterprise development — directly benefiting more than 10,000 people.
A second phase of investment is planned, with expanded support for micro, small, and medium-sized enterprises (MSMEs) to drive inclusive growth.
Eni’s Footprint in Ghana
Eni, which has operated in Ghana since 2009, leads the OCTP project with a 44.4% stake, alongside Vitol (35.6%) and GNPC (20%). Since production began in 2018, the venture has delivered over 107 million barrels of oil and 480 billion standard cubic feet (Bscf) of gas, supplying around 70% of Ghana’s gas demand for power generation.
The OCTP partners emphasized that their model goes beyond extraction, focusing on capacity building, clean energy solutions, and community development to align with Ghana’s long-term sustainability goals.
