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.
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