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EXCLUSIVE DIGITALISATION OUTLOOK REPORT
Oman Cement Company*

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Eni and Vitol have signed a Memorandum of Understanding (MoU) with the Ghanaian government to develop gas discoveries in the Offshore Cape Three Points (OCTP) Block

The MoU, which has been approved by Ghana’s minister of energy and the Ghana National Petroleum Corporation (GNPC), has set out the future development principles for the discovery and commercialisation of gas within the contracted area in Ghana’s Tano Basin.

In July 2011, Eni discovered 2 tcf of gas in the block and announced that it had begun to look at the possibility of setting up a joint development to support a LNG export project.

Eni holds an operating interest of 47.222 per cent in the OCTP Block, with Vitol holding a 37.778 per cent interest and the GNPC holding the remaining 15 per cent. 

African Review