THE Offshore Cape Three Points (OCTP) phase one oil development is expected to cost in the region of $5 billion.
According to documents filed with Ghana’s government earlier this year, just $117 million of capital spending relates to the floating production, storage and offloading vessel to be leased from Malaysia’s Yinson.
However, the FPSO lease cost stands at $2.44 billion for a 15-year firm contract with annual extension options running for a further five years.
Operating
