Eni's Triumphant Return to Ghana: A New Era for Energy and Investment

Italian energy giant Eni has reignited its commitment to Ghana’s oil and gas sector, marking a major comeback with bold ambitions.

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In a high-level strategic meeting in Accra this February, Eni’s CEO, Claudio Descalzi, met with Ghanaian President John Mahama to reassess operations and explore new opportunities, aiming to replicate the company’s extraordinary success in neighboring Ivory Coast.

OCTP: A Game-Changer for Ghana’s Energy Future Eni’s flagship project in Ghana, the Offshore Cape Three Points (OCTP), stands as a testament to the company’s efficiency and commitment. According to an official Eni statement, “The discussions highlighted the transformative impact of the OCTP project, a landmark investment in Ghana’s energy sector.”

As Ghana’s largest private-sector energy investment, the OCTP project was completed ahead of schedule and under budget. First oil flowed in 2017, followed by first gas in 2018. Notably, all gas from OCTP is dedicated to Ghana’s domestic market, covering approximately 70% of the country’s gas needs. This steady supply has significantly enhanced energy security, fueling local industries and households while reducing reliance on costly energy imports.