Offshore staff
MILAN, Italy – Eni and Vitol have signed a memorandum of understanding (MoU) with Ghana’s government to develop gas in the Offshore Cape Three Points (OCTP) block in the Tano basin.
The MoU sets out principles for future development of discoveries and commercialization of gas within the contract area, with a focus on Ghana’s domestic market.
Eni will operate the OCTP block with a 47.222% stake, with Vitol holding a 37.778% interest and state-owned GNPC 15%.
VitoEni has been present in Ghana since 2009 and currently operates the OCTP and Offshore Keta exploration blocks.
8/21/2012
