Ghana National Petroleum Corporation (GNPC) and Italian energy giant, Eni, have strengthened their strategic alliance, aiming to expand cooperation and unlock new opportunities in Ghana’s oil and gas sector.
This commitment was made during a meeting on Tuesday between Mr. Maurizio Pinna, Managing Director of Eni Ghana, and Mr. Kwame Ntow Amoah, the newly appointed CEO of GNPC, held at GNPC’s Accra office.
The meeting focused on optimizing existing assets, accelerating production, and identifying prospects for future exploration.
During the meeting, Amoah explained GNPC’s strategic goal of establishing strong alliances to maximize the country’s hydrocarbon resources and expressed appreciation for Eni’s significant contributions to Ghana’s energy landscape.
He mentioned the necessity of leveraging the combined expertise of GNPC and Eni to expedite the development of untapped reserves, mitigate production declines, and ensure long-term sustainable output.
The two companies agreed to collaborate to bolster Ghana’s energy infrastructure and foster sustainable growth through joint ventures, the integration of cutting-edge technologies, and investments in local capacity building.
However, Eni holds a stake in the Cape Three Points Block 4 offshore exploration license, where it has discovered significant gas resources and associated condensate.
Amoah also commented on GNPC’s proactive approach to addressing the evolving demands of the global energy landscape.
“This dialogue reaffirms our joint dedication to advancing Ghana’s energy sector.” He said.
Pinna echoed his counterpart’s sentiment, stating that the company is committed to collaborating with GNPC, particularly in advancing Ghana’s broader objectives of economic growth and energy security.
“We embrace this new chapter of leadership at GNPC and extend our congratulations. Through improved cooperation, we are ready to lead transformative initiatives that will enhance Ghana’s prominence in the international energy sector,” said Pinna.
What you should know
Eni operates the Offshore Cape Three Points (OCTP) integrated project off the coast of Ghana, focused on developing oil and natural gas reserves.
The project also aims to produce natural gas to meet the energy needs of Sub-Saharan Africa, with Ghana National Petroleum Corporation (GNPC) and Vitol as its block partners.
The project’s facilities at Sankofa and Gye Nyame, located off Ghana’s west coast, feature subsea wells and production systems.
These are connected to the John Agyekum Kufuor floating production, storage, and offloading (FPSO) unit, which was built by Keppel and is owned by Yinson.
Oil production from the fields commenced in 2017, followed by gas production a year later.
