Eni and its OCTP partners sign an agreement with the Government of Ghana to strengthen energy production and promote sustainability

Eni, together with its Offshore Cape Three Points (OCTP) partners—Vitol and the Ghana National Petroleum Corporation (GNPC)—has signed a Memorandum of Intent with the Government of Ghana, represented by the Minister of Energy and Green Transition and the Minister of Finance. The agreement, witnessed by the President of Ghana, John Dramani Mahama, aims to boost the country’s oil and gas production while advancing sustainable initiatives.

The parties will work on developing an integrated investment plan designed to support Ghana’s objectives for reliable, affordable, and environmentally responsible energy access.

A central focus is the potential expansion of OCTP production capacity, combining offshore and onshore enhancements to meet Ghana’s rising domestic energy needs. The collaboration also covers the assessment of new exploration prospects, including the development of the Eban-Akoma field in Cape Three Points Block 4. Declared commercially viable in July 2025, this field is expected to become a significant new source of supply, benefiting from existing infrastructure to maximize value and accelerate time to market.

Beyond energy development, Eni and its OCTP partners have invested over USD 10 million in social programs, directly improving the lives of more than 10,000 people through initiatives in education, clean water access, healthcare, and local economic support. A second phase of these programs will expand existing efforts and introduce new services to foster the growth of micro, small, and medium-sized enterprises.

Eni has operated in Ghana since 2009, focusing on offshore exploration and production, with current equity production averaging about 34,000 barrels of oil equivalent per day. The company leads the OCTP project with a 44.4% stake, alongside Vitol (35.6%) and GNPC (20%). Since 2018, OCTP has delivered more than 107 million barrels of oil and 480 billion standard cubic feet (Bscf) of gas, covering roughly 70% of Ghana’s gas needs for power generation. The joint venture also runs projects supporting training, economic diversification, water and sanitation, and energy access.