Offshore Cape Three Points (OCTP) has began supply of fuel from the Sankofa area to GNPC (Ghana National Petroleum Company), marking the start of secure provides of value efficient and environmentally pleasant, home gasoline for Ghana’s energy sector.
In addition, Ghana will profit considerably from GNPC’s carried and taking part curiosity within the mission, Ghana’s royalty share of oil and fuel manufacturing and taxes paid by Vitol and Eni. The estimated web value of fuel to Ghana might be lower than $four.5/MMBtu, enormously decreasing Ghana’s gasoline prices in comparison with liquid fuels or imported fuel.
The mission will present roughly 180 MMscf/d for a minimum of 15 years, enough to provide half of Ghana’s energy era necessities. It is the one deep offshore non-associated fuel growth in Sub-Saharan Africa completely destined for home consumption and can assure secure, dependable, reasonably priced fuel provides to Ghana with estimated vitality value financial savings of as much as 40% per yr for the State.
Gas is flowing from two of the 4 deep water subsea wells and fuel volumes will improve step by step because the nation’s downstream fuel infrastructure undergoes additional commissioning.
OCTP Integrated Oil and Gas Project is made up of Eni 44.44% Operator, Vitol 35.56%, GNPC 20%. First oil was achieved in May 2017, three months forward of schedule. With the completion of the OCTP fuel amenities, OCTP total oil and fuel manufacturing can attain as much as 85,000 barrels of oil equal per day as soon as the fuel and condensate manufacturing has been absolutely ramped up.
Vitol, headquartered in Geneva, Switzerland, is an vitality and commodities firm; its main enterprise is the buying and selling and distribution of vitality merchandise globally – it trades over seven million barrels per day of crude oil and merchandise and, at any time, has 250 ships transporting its cargoes. (Source: Vitol)
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