Eni- Gas and Renewables For Sustainable Development in Ghana

Eni- Gas and Renewables For Sustainable Development in GhanaThe Prime Minister of Italy Paolo Gentiloni, the Prime Minister of Italy and CEO of Eni, Claudio Descalzi, have visited the FPSO Kufuor in Ghana’s offshore and viewed that Renewables and Gas 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.

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

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 percent, with Vitol and GNPC holding 35.56 percent and 20 per cenr respectively. The project has reached the production plateau of 45,000 boepd one year ahead of the development plan.