ENI & Ghana Sign Gas MoU for the Development OCTP Block

Source: www.gulfoilandgas.com 8/21/2012, Location: Africa

Eni, together with Vitol, signed a Memorandum of Understanding (MoU) with the Government of Ghana, represented by the Minister of Energy, and Ghana National Petroleum Corporation (GNPC) for the development and commercialization of discovered gas resources in the Offshore Cape Three Points (OCTP) Block located in the Tano Basin of Ghana. The OCTP Block is operated by Eni with a 47.222% stake, in partnership with Vitol (37.778%) and GNPC (15%).

The MoU sets out the key principles for future development of the discoveries and commercialization of the gas within the contract area. The MoU focuses particularly on the domestic gas market, in which Eni and its joint venture partners wish to play a prominent role.

The signing of this MoU is in line with Eni's growth strategy in the region and reaffirms the company's leading position in exploiting indigenous gas resources and contributing to the socio-economic growth of the countries where it operates.

Eni has been present in Ghana since 2009 and currently operates the two exploration blocks of OCTP (Offshore Cape Three Points) and Offshore Keta. Eni has been present in Sub Saharan Africa since the 1960's and is now operating exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Togo, Kenya and Liberia. With a rapidly growing successful exploration activity, Eni's current operated production in the region is approximately 450,000 barrels of oil equivalent per day.


United States >>  5/17/2022 - TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces the sanction of the Ballymore development, located 120 kilometers off the ...
Nigeria >>  5/10/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made yesterday by Dec...

Norway >>  5/9/2022 - ConocoPhillips Skandinavia AS, operator of the Greater Ekofisk Area together with our license partners, submitted a plan for development and operation...
United States >>  5/4/2022 - Williams has secured another tieback to Discovery’s Keathley Canyon Connector (KCC) pipeline, providing deepwater natural gas infrastructure services ...

Norway >>  5/3/2022 - The Petroleum Safety Authority Norway (PSA) has carried out an audit of Equinor’s management and execution of manned underwater operations for the Joh...
China >>  4/11/2022 - Horizon is pleased to advise that, following the successful installation, hook-up and commissioning of facilities for the WZ12-8 East Project, first p...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.