Mahama and Eni CEO discuss economic diversification plans in Ghana

President John Mahama and the Chief Executive Officer of Eni, Claudio Descalzi engaged in discussions centered around the oil exploration firm’s ongoing contributions to Ghana’s energy sector and its broader economic diversification goals.

During the meeting held today in Accra, Descalzi highlighted the significant achievements of the Offshore Cape Three Points (OCTP) project

This landmark project represents the largest investment by a private company in Ghana and was completed ahead of schedule and under budget.

With the first oil extracted in 2017 and the first gas production in 2018, the OCTP project has been a vital asset to Ghana’s energy infrastructure.

Gas from the OCTP project is exclusively dedicated to domestic consumption, providing a stable and reliable energy source to meet the country's internal needs. The gas produced from OCTP currently contributes to approximately 70% of Ghana’s domestic gas supply, ensuring energy security for the nation.

Furthermore, Eni presented new short- and medium-term exploration and development opportunities to the President, illustrating the company’s commitment to supporting Ghana’s long-term energy and economic goals.

Eni has had a strong presence in Ghana since 2009. The company operates the OCTP project with a 44.4% stake, in partnership with Vitol (35.6%) and the Ghana National Petroleum Corporation (20%).

In addition to its energy ventures, Eni is involved in a variety of projects aimed at fostering economic diversification.

These initiatives include efforts in training, access to water and sanitation, and expanding access to energy, which align with the company’s commitment to sustainable development in the region.

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