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 while advancing sustainable energy initiatives. The signing ceremony was attended by President John Dramani Mahama, along with the Ministers of Energy and Green Transition and Finance.
The agreement outlines plans to develop an integrated investment programme designed to support Ghana’s national goals of reliable, affordable, and low-carbon energy access. A central pillar of the deal is the possible increase in OCTP project production capacity, drawing on synergies between offshore and onshore facilities to meet rising domestic energy demand.
The collaboration also includes exploration opportunities and a potential new phase of development at the Eban-Akoma field in Cape Three Points Block 4. Declared commercially viable in July 2025, the field is expected to become a significant source of new supply, benefitting from existing infrastructure to accelerate time to market.
Beyond production, Eni and its partners reaffirmed their commitment to social investment. Having already spent more than US$10 million on programmes that have benefitted over 10,000 Ghanaians in education, health, clean water, and local economic empowerment, the partners will roll out a second phase of initiatives. This includes expanded services to support the growth of micro, small, and medium-sized enterprises across Ghana.
Since its entry into Ghana in 2009, Eni has become a key player in the energy sector. The company currently produces around 34,000 barrels of oil equivalent per day and operates the OCTP project with a 44.4% stake, alongside Vitol with 35.6% and GNPC with 20%. Since 2018, OCTP has delivered more than 107 million barrels of oil and 480 billion standard cubic feet of gas, supplying about 70% of Ghana’s gas needs for power generation.
With this new agreement, stakeholders are optimistic that Ghana’s energy sector will not only strengthen its production capacity but also align with global shifts towards sustainable, inclusive, and low-carbon growth.
