Ghana signs key gas expansion deal to boost OCTP output by 2028

The Government of Ghana has signed a key term sheet with energy partners to advance a major expansion of domestic gas production from the Offshore Cape Three Points (OCTP) project, in a move aimed at strengthening the country’s energy security.

The agreement, signed on May 5, 2026, involves Eni Ghana Exploration & Production, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC).

According to the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, who disclosed the development in a Facebook post, the agreement establishes “a framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.”

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Dr Jinapor noted that he represented the government alongside the Minister for Finance, Dr Cassiel Ato Forson, during the signing ceremony.

“This milestone builds on the Memorandum of Intent signed in September 2025, through which the parties committed to collaborate on strategic investments in Ghana’s energy sector,” he stated.

Under the proposed upgrade, gas output from the OCTP project is expected to increase significantly.

“Gas production from OCTP could increase by up to 350 million standard cubic feet per day (MMscfd) by 2028,” Dr Jinapor said.

He mentioned that the expansion will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project’s floating production storage and offloading (FPSO) vessel.

The OCTP project currently plays a critical role in Ghana’s energy mix, supplying a substantial portion of gas used for power generation.

Dr Jinapor during his remarks emphasised the broader impact of the upgrade stating, “This planned upgrade will enhance our energy security, reduce reliance on imported fuels, and support growing demand from industry and households.”

He further indicated that the agreement sends a strong signal to investors about Ghana’s energy sector.

“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable, and ready for investment,” he said.

“It reflects our commitment to creating a predictable and competitive environment for our partners, while ensuring that our natural resources are developed responsibly for the benefit of all Ghanaians,” the sector minister concluded.



MA