Ghana has taken a significant step toward strengthening its domestic energy security with the signing of a new agreement aimed at expanding gas production from the Offshore Cape Three Points (OCTP) field.
The agreement was signed between the Government of Ghana, Eni, Vitol and the Ghana National Petroleum Corporation to support the next phase of gas development under the OCTP project.
On behalf of government, the deal was signed by the Minister for Energy and Green Transition, John Abdulai Jinapor, together with the Minister for Finance, Cassiel Ato Forson.
The newly signed term sheet sets out the commercial framework for expanding infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project, building on a previous Memorandum of Intent reached in September 2025.
Under the expansion plan, gas output from the OCTP field is projected to increase by up to 350 million standard cubic feet per day by 2028, significantly boosting Ghana’s domestic supply.
Key components of the project include the development of the Gye Nyame field, installation of a booster compressor, and the integration of a new non-associated gas system into the floating production, storage and offloading (FPSO) facility.
The initiative is expected to reduce Ghana’s dependence on imported fuels while ensuring a more stable supply of energy for industries and households.
Speaking after the signing, Mr. Jinapor described the agreement as a major milestone for Ghana’s upstream petroleum sector, stressing that the country remains open and attractive to investors.
He added that government is committed to maintaining a stable and predictable investment environment while ensuring that natural resources are developed responsibly for national benefit.
