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November 29, 2021updated 27 Apr 2022 1:01pm

OCTP Conventional Gas Field, Ghana

By Carmen

OCTP is a producing conventional gas field located in deepwater in Ghana and is operated by Eni Ghana Exploration and Production. The field is located in block Offshore Cape Three Points, with water depth of 3,247 feet.

Field participation details

The field is owned by Ghana National Petroleum, Eni and Vitol Holding II.


Production from OCTP

The OCTP conventional gas field recovered 28.51% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 51.2 thousand bpd of crude oil and condensate and 155 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 37% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 235.58 Mmboe, comprised of 85.38 Mmbbl of crude oil & condensate and 901.22 bcf of natural gas reserves. OCTP conventional gas field reserves accounts 0.08% of total remaining reserves of producing conventional gas fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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