President John Dramani Mahama met with Eni Chief Executive Officer Claudio Descalzi in Accra on Monday, February 10, 2025, to review developments in Ghana’s energy sector and broader economic diversification initiatives.
During the meeting, Mr. Descalzi spotlighted the Offshore Cape Three Points project (OCTP), Ghana’s largest private investment in the energy sector, which was completed ahead of schedule and under budget, with first oil in 2017 and first gas in 2018.
He noted that gas from OCTP is allocated entirely for domestic consumption, accounting for approximately 70% of Ghana’s gas production.
The discussion also covered new short- and medium-term exploration and development opportunities being considered by Eni, alongside plans aimed at boosting economic diversification in Ghana.
Since its entry into the Ghanaian market in 2009, Eni has maintained a significant presence as the operator of OCTP, holding a 44.4% stake in partnership with Vitol (35.6%) and the Ghana National Petroleum Corporation (20%).
Eni’s portfolio extends beyond energy production, encompassing initiatives in training, water and sanitation, and broader economic diversification, reflecting its commitment to supporting Ghana’s sustainable development.
