Ghana has signed a major agreement with Eni Ghana E&P, a subsidiary of the Italian oil and gas giant, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC) to ramp up domestic gas production from the Offshore Cape Three Points (OCTP) project.
Production is expected to increase from the current level of around 280 million standard cubic feet per day (mmscf/d) to 350 mmscf/d by 2028.
The agreement was signed on Tuesday by Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, on behalf of the government, alongside Dr. Cassiel Ato Baah Forson, the Minister for Finance.
The term sheet establishes a framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.
This latest agreement follows a Memorandum of Intent signed in September 2025, which committed the parties to collaborate on strategic investments aimed at strengthening Ghana’s energy sector and increasing domestic gas supply.
Under the proposed expansion, gas production from the OCTP project is expected to rise to 350 million standard cubic feet per day by 2028.
Currently, gas exports from the Jubilee and OCTP fields for domestic power generation stand at around 396 mmscf/d.
The upgrade will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project’s floating production, storage, and offloading (FPSO) vessel.
The project is expected to enhance Ghana’s energy security, reduce dependence on imported fuels, and support rising demand from industries and households.
Speaking after the signing ceremony, Mr. Jinapor described the agreement as a significant milestone for Ghana’s energy future.
“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable, and ready for investment,” he stated.
He added that the government remains committed to creating a predictable and competitive environment for investors while ensuring that the country’s natural resources are developed responsibly for the benefit of all Ghanaians.
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