John Agyekum Kufuor FPSO set for upgrade under new Eni-Ghana deal

Eni, the Italian major, and its partners in the Sankofa and Gye Nyame fields offshore Ghana have signed a significant agreement with the government to increase domestic gas supply by approximately 30%.

The fields are part of the Offshore Cape Three Points (OCTP) block, which is operated by Eni and linked to the John Agyekum Kufuor floating production, storage, and offloading (FPSO) vessel via subsea wells.

Gas production began in 2018 at rates up to 210 million cubic feet per day (MMcfd) and was upgraded to 270 MMcfd by mid-2025, meeting the bulk of Ghana's gas needs, supplemented by Tullow Oil's Jubilee field.

Key Terms and Production Targets

Following a deal signed in Accra, the gas sales volume from OCTP is set to increase to 350 MMcfd by 2028. Ghana's Petroleum Commission stated that a term sheet "sets out a clear framework of commercial principles to underpin the development of new gas infrastructure."

This upgrade is anchored on further developing the Gye Nyame field and upgrading the FPSO's gas processing and compression systems to boost output by 80 MMcfd by 2028.

The term sheet was signed by Ghana's Minister of Energy Dr John Abdulai Jinapor and Minister of Finance Dr Cassiel Ato Forson, witnessed by Emeafa Hardcastle, CEO of the Petroleum Commission.

Government and Eni Statements

Dr Jinapor emphasised that the deal "sends a strong signal that Ghana’s upstream petroleum sector remains open, stable and ready for investment," reflecting a commitment to a predictable and competitive environment.

Eni confirmed the agreement establishes the framework to increase gas production from OCTP, leveraging further expansion of the Gye Nyame field with a target timeline toward 2028.

The supply boost will consolidate OCTP's role as a cornerstone of Ghana's domestic gas supply, meeting around 75% of national demand, primarily for electricity generation.

Partnership and Ownership

Eni holds a 44.4% interest in OCTP, partnered by Vitol with 35.6% and state-owned Ghana National Petroleum Corporation with 20%.