President John Mahama has cut the sod for the commencement of work on an onshore reception facility for the Offshore Cape Three Points (OCTP) integrated oil and gas project at Sanzule in the Ellembelle District in the Western Region.
The multi-billion-dollar project is being undertaken by ENI S.p.A., an Italian multinational oil and gas company with operations in 79 countries which is currently the world's 11th largest industrial company. The Ghana National Petroleum Company (GNPC), representing the interest of Ghana, and the Vitol Group, a global energy and commodity trading company, are partners.
Work is expected to start immediately on various onshore receiving facilities and other installations such as the compressor station, a helipad, accommodation units, among others. When completed, the project will produce almost 180 million standard cubic feet of gas (MMscf) daily.
Meanwhile the first phase of the project will see the delivery of oil in August 2017, while the second phase will deliver a significant volume of first gas in February 2018.