The Embassy of Italy to Ghana has congratulated the Government of Ghana, the Italian Oil & Gas Company ENI, VITOL and the Ghana National Petroleum Corporation (GNPC) for the commencement of oil production in the Sankofa field.
President Akufo-Addo today[Thursday] turned on an oil valve on the FPSO John Agyekum Kufuor at the Sankofa field to allow first oil production from the vessel. The commission of the filed comes two months ahead of time. This is the third FPSO in the country.
In a statement copied to Citi Business News, the Chargé d’Affaires of the Embassy of Italy, Mr. Lorenzo Pinelli, on behalf of the Ambassador Mr. Giovanni Favilli, stated that, “the project makes the bilateral relations between Ghana and Italy even stronger”.
“It perfectly fits in a long trail blazed by the first Italians who arrived in Ghana (at the time known as Gold Coast) more than 100 years ago in order to build the first roads, railways and mines of this beautiful country,” it noted.
“Our shared and long-standing history continues with many other infrastructural achievements, such as the construction of the Akosombo dam by Impregilo Salini and the Tema Oil Refinery (TOR) by AGIP/ENI which is currently in this country again with the OCTP project, cementing a long-term partnership between Ghana, Italy, ENI, Vitol, and the GNPC”.
“Even more laudable is the fact that the gas from this field will be commercialized locally in order to drive and promote the development of this country and to put a definitive end to the much hated “dumsor,” the statement said.
According to the statement, the cost of energy will be significantly economical for the people of Ghana and an added advantage for Small and Medium Enterprises as they further create a larger industrial sector capable of providing thousands of jobs every year.
Considered one of the global super-majors, ENI is currently operating in 73 countries.
Today, Africa provides over half of ENI’s total production of oil and natural gas, confirming the company as the leading international producer in the Continent.
The Italian Government owns a 30.303% golden share in ENI.
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By: citibusinessnews.com/Ghana