The Phase 1 of the Offshore Cape Three Points Integrated Oil and Gas Project (OCTP) in Ghana is expected to achieve first oil in August 2017 while the Phase 2 is expected to deliver gas in February 2018.

This project is expected to produce nearly 180 Mmscf/d of gas, while the highest production will be 45,000 bopd and 171 Mmscfd for 17 years and a total production of up to 80,000 boe/d, the Business and Financial Times reports.

Situated about 60 km south of Sanzule, the OCTP is a deep offshore development project in a water depth between 500m to 1000m. The OCTP licence include one double-hull FPSO, 19 wells, subsea production systems (130 km of risers & flowlines and 45 km of umbilicals); and an offshore gas export sealine of 63 km linking the FPSO to an Onshore Receiving Facilities (ORF) situated in Sanzule.

Crude oil produced from the project, is to be exported through tankers while associated gas and formation water is to be re-injected into the reservoir for pressure maintenance.

OCTP is a joint venture between Eni S.p.A., with 44.444% interest, the Ghana National Petroleum Company (GNPC) with 20% interest and Vitol Group with 35.5565%.

“This marks the beginning of my vision to make Ghana an energy hub with the creation of a petrochemical industry in the Western Region. This is a multi-billion-dollar project that will transform the lives of the Nzemaland and the country as a whole -- this is the single largest investment made in Ghana and West Africa as a whole,” President John Mahama, had said.
To him, the project will develop the economy and create over 1,000 indirect jobs as 150 indigenes have already been hired for the project.

Anita Fatunji