August 2016, Vol. 243, No. 8


Ghana’s Sankofa Gas Project a Game Changer

Ghana’s Sankofa Gas Project (SGP) is focused on the development and subsequent production of two offshore natural gas fields within the OCTP (Offshore Cape Three Points) bloc. OCTP is comprised of the Sankofa and Gye Nyame non-associated gas fields, and the separate Sankofa East oil field (estimated total reserves exceeding 100 million barrels of oil). This field is located 60 km offshore in western Ghana in water depths of 500-1,000 meters. OCTP is being developed by two private investors, Eni S.p.A. of Italy and Vitol Group of the Netherlands – together with the state-owned Ghana National Petroleum Corp. (GNPC). The total development cost for the OCTP block is estimated at US$7.9 bi

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