Gas and renewables for a sustainable development in Ghana: Eni

OCTPOCTP is an integrated offshore deepwater development project located approximately 60 km off the coast of the western region of Ghana. (Image source: Eni/Flickr)The Prime Minister of Italy Paolo Gentiloni and Claudio Descalzi, CEO of Eni, have visited the FPSO Kufuor in Ghana’s offshore, and viewed that gas and renewables have a sustainable future for the development of the country

The visit took place during Gentiloni’s trip to Ghana as a part of his ongoing state visit to a set of African countries.

The FPSO Kufuor is a floating production, storage and offloading unit in Ghana’s offshore. It puts in production the Sankofa Main, Sankofa East and Gye-Nyame oil and non-associated gas fields, part of the Integrated Oil&Gas Development Project, which is the only non-associated gas development project in deep water entirely dedicated to the domestic market in Sub-Saharan Africa.

This project is expected to ensure at least 15 years of reliable gas supply with an affordable price, said Eni.

According to Eni, the visit endorsed the company’s long-term business strategy in Ghana, and was aimed at integrating its traditional business with energy from renewable sources, leveraging all the industrial, logistic, contractual and commercial synergies.

“In this country, we produce oil for international markets, but also gas for the domestic market, which we decided to allocate entirely to the domestic market, and are strongly engaged in developing renewable sources,” said Descalzi during the visit to the FPSO.

“In this way, we support local power generation capacity, and contribute to a sustainable economic and industrial development,” he added.

Eni has been present in Ghana since 2009 through its subsidiary Eni Ghana. The company is the operator of the Offshore Cape Three Points (OCTP) Integrated Oil&Gas Development Project, where Eni holds a share of 44.44 per cent, with Vitol and GNPC holding 35.56 per cent and 20 per cenr respectively. The project has reached the production plateau of 45,000 boepd one year ahead of the development plan.

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