Eni to extend operational activities in Ghana

Ghana presidentClaudio Descalzi, CEO of Eni, has met with Nana Addo Dankwa Akufo-Addo, the President of the Republic of Ghana, in Accra to discuss Eni’s operations in the country, where operational activities are complemented by programmes to enhance access to energy

Eni has launched production from the integrated oil and gas development project, in the offshore cape three points (OCTP) block, off Ghana’s western coast, with a time period of 29 months, which is three months ahead of schedule.

The accelerated ramp-up allowed increasing the expected production to 5.2 mmbbl in 2017, from the 2.8 mmbbl initially expected, with the production expecting to reach the oil plateau of 45,000 bopd by end of 2017.

The integrated oil and gas development project is the only deep-water non-associated gas development in Sub-Saharan Africa, which is expected to grant Ghana a reliable gas supply for more than 15 years at a competitive price.

The project aims to provide a substantial contribution to energy access and the economic development of the country.

“Construction works of the onshore receiving facility and of the pipelines is proceeding as planned, with 63 per cent progress, and production start-up is expected in 2018. The gas produced by OCTP will allow the country to generate a minimum of 900MW, which might, in the future, increase to up to 1500MW,” according to Eni.

Eni is also pursuing a number of projects, aiming to improving the living conditions and mitigating impact on vulnerable groups in the western region, with an investment of about US$10mn.

In line with the Ghanaian government’s target to reach 10 per cent of the energy mix generated by renewable by 2020, Eni is planning to develop a 20MW photovoltaic power plant in Tamale, situated in the north of the country. In addition, Eni is also assessing the feasibility of a floating photovoltaic plant in the Volta basin.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?