more
news

From the Field

Jubilee Oilfield, Ghana

Ghana’s Sankofa field delivers first gas to GNPC

ACCRA, August 21, 2018 – Offshore Cape Three Points (OCTP) has made its first gas delivery from the Sankofa field to the Ghana National Petroleum Corporation, partner Vitol announced Monday.

 

The project is expected to provide about 5.1 mcm (180 mcf) per day for at least 15 years, enough for half of Ghana’s power generation requirements, at a cost of USD 4.5 per million Btu.

“It is the only deep offshore non-associated gas development in sub-Saharan Africa entirely destined for domestic consumption and will guarantee stable, reliable, affordable gas supplies to Ghana with estimated energy cost savings of up to 40% per year for the state,” the company said in a statement.

OCTP is an integrated oil and gas project located in the Tano Basin, around 60 kilometres off Ghana’s coast, adjacent to West Cape Three Points. Eni owns a 47.22% share, Vitol Upstream Ghana holds 37.78% and GNPC owns a 15% stake.

Stay Informed