The Government of Ghana has entered into a significant agreement with partners of the Offshore Cape Three Points (OCTP) project to ramp up oil and gas production. The memorandum of understanding (MoU), signed on September 16, 2025, outlines a plan to integrate offshore and onshore operations while exploring new reserves such as the Eban‑Akoma field.
The move is expected to strengthen Ghana’s energy sector, meet the growing domestic demand for fuel, and increase national revenue through expanded exports. Energy analysts have welcomed the development but cautioned that expansion should be matched with strong environmental protection measures and fair community benefit sharing.
The MoU has been described as a vote of confidence in Ghana’s energy industry, which has faced challenges over the past decade. It could also make the country more attractive to international investors looking for opportunities in Africa’s resource sector.
Eni has been active in Ghana since 2009, focusing on offshore hydrocarbon exploration and production. The company currently produces about 34,000 barrels of oil equivalent per day. It operates the Offshore Cape Three Points (OCTP) project with a 44.4% stake, alongside partners Vitol (35.6%) and the Ghana National Petroleum Corporation (20%).
Since its launch in 2018, the OCTP project has delivered significant output, producing over 107 million barrels of oil and 480 billion standard cubic feet (Bscf) of gas. The gas generated accounts for nearly 70% of Ghana’s supply for power generation, making the project a cornerstone of the country’s energy security.
Beyond energy, the joint venture is also committed to community development, with initiatives that support training, economic diversification, improved access to water and sanitation, and expanded energy access.
Source: Reuters/Eni – Eni and OCTP partners sign MoU with Ghana to increase oil & gas production.
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