• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 23, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

ENI urged to accelerate oil production in Ghana to boost economic recovery

Kumasi Mail by Kumasi Mail
January 9, 2025
in Business
0
ENI urged to accelerate oil production in Ghana to boost economic recovery
Share on FacebookShare on Twitter

Ghana’s economic challenges—including a depreciating cedi, high inflation, and a growing national debt—require swift and strategic interventions.

Accelerating oil and gas production, spearheaded by ENI (Ente Nazionale Idrocarburi), offers a critical opportunity to stabilize the economy. As a prominent player in Ghana’s energy sector, ENI’s ability to ramp up operations could significantly increase export revenues, decrease reliance on costly fuel imports, and attract much-needed foreign investment.

The Role of ENI in Economic Stability

Energy resources are central to Ghana’s fiscal resilience, and ENI’s leadership in the oil and gas sector positions it as a key partner in economic recovery. Enhanced production could boost energy security and provide the government with vital revenues to address pressing fiscal needs. Fast-tracking ENI’s ongoing projects and developing untapped reserves could create jobs, stimulate industrial growth, and provide financial space for developmental programs.

Proven Performance and Impact

ENI’s contributions to Ghana’s energy security are well-established. The Offshore Cape Three Points (OCTP) project, launched ahead of schedule, has provided reliable domestic gas since 2018, saving Ghana approximately $300 million annually in fuel imports. This dependable performance underscores ENI’s role as a trusted partner in Ghana’s energy landscape.

Future Opportunities and Projects

Several pending ENI projects have the potential to significantly expand Ghana’s oil and gas output. Key initiatives include:

– Additional Reserves in the OCTP Block: Could increase domestic gas supply by 30-50% and boost crude oil exports. Support Needed: Regulatory approvals for Field Development Plans (FDPs).

– Eban Discovery: Holds an estimated 500 million barrels of recoverable oil equivalent (BOE), primarily light crude. Support Needed: Transitioning to production through investment agreements.

– Akoma Field: Contains 550 billion cubic feet (BCF) of natural gas reserves with condensates, ready for integration into existing infrastructure. Support Needed: Pre-development facilitation and infrastructure expansion.

– Sankofa East Expansion: Aims to sustain and expand current production levels. Support Needed: Government backing for infrastructure development.

– Deepwater Exploration: Unexplored reserves in deeper OCTP areas offer substantial oil and gas potential. Support Needed: Incentives for exploration and advanced approvals.

– Gas for Domestic Power: Increased gas supply to thermal plants could reduce reliance on imported fuels. Support Needed: Expansion of pipelines and domestic market agreements.

Overcoming Challenges

To unlock the full potential of ENI’s projects, the government must address regulatory delays, resolve gas pricing disputes, and invest in critical infrastructure. Streamlined permitting processes and co-investment in midstream infrastructure will be crucial to realizing these opportunities.

A Strategic Partnership

ENI’s vision aligns closely with Ghana’s national goals of energy independence and economic sustainability. By accelerating oil production and expanding operations, ENI can play a transformative role in revitalizing Ghana’s economy and ensuring long-term stability.

As Ghana faces its economic crossroads, ENI’s collaboration with the government is essential to securing a prosperous future for the nation.

Onasis Kobby is a seasoned oil and gas practitioner specializing in energy sector development and sustainability.

Source: Onasis Kobby, Oil and Gas Practitioner

Tags: Ente Nazionale IdrocarburiGhana's economyKobby Onasistopstory
ShareTweetSend
Previous Post

Ablakwa: ORAL team documenting corruption cases for legal action under Mahama’s administration

Next Post

Minority in Parliament urges President Mahama to address post-election violence

YOU MAY LIKE

COCOBOD launches strategic board sub-committees to advance financial accountability and education in the Cocoa industry
Business

COCOBOD launches strategic board sub-committees to advance financial accountability and education in the Cocoa industry

Hermas Sibeko honoured for transformative leadership in Agribusiness
Business

Hermas Sibeko honoured for transformative leadership in Agribusiness

Ghana to create 500,000 jobs through expansion of economic crops
Business

Ghana to create 500,000 jobs through expansion of economic crops

GCAA Ag. DG brokers internship deal with Qatar Civil Aviation Authority
Business

GCAA Ag. DG brokers internship deal with Qatar Civil Aviation Authority

Sangu Delle urges intra-African trade, simpler rules and local capital to scale companies
Business

Sangu Delle urges intra-African trade, simpler rules and local capital to scale companies

Next Post
Minority in Parliament urges President Mahama to address post-election violence

Minority in Parliament urges President Mahama to address post-election violence

VIDEO: “Everything in the fabricated ‘Agyapadie’ document has been implemented” – Mahama

President Mahama announces first set of ministerial nominations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

Krofrom Market files sealed- KMA promises revelation “in due course”

Krofrom Market files sealed- KMA promises revelation “in due course”

Richard Ofori Agyeman Boadi, KMA BOSS

KMA orders removal of unauthorized structures and billboards ahead of road project

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Education Minister reaffirms Mahama administration’s commitment to strengthening ‘No Fees Stress’ policy

GES warns schools against unauthorised PTA levies

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com