Mahama cuts sod for ENI offshore project

efua

April 30, 2016 3:55 PM

"This is a project that will transform the Western Region in the country. This is a project that will change the lives of Ghanaians," he said.

President John Mahama has sod for the commencement of the Offshore Cape Three Points Integrated Oil and Gas Project at Sanzule in Ellembele District in the Western Region.

President Mahama described the project as "truly transformational" adding that it will have a positive impact on the nation's economy.

The project is expected to produce dry gas of 180 million standard cubic feet per day for a period of not less than 20 years.

It is estimated that estimated that the facility will generate 1000 megawatts of electricity per day when its first gas is produced in the first quarter of 2018.

According to the President, it marks the beginning of his vision to make Ghana a petroleum hub with the creation of a petrol-chemical industry in the Western Region of Ghana.

"My vision is already becoming a reality. We have built our petroleum strategic stock to the highest level required. We are required to keep at least six weeks of supply of petroleum products. As I speak currently we have more than eight and half weeks of supply in our strategic reserves,” he said.

ENI Ghana Exploration and Production Limited is the operator of the offshore Cape Three Points integrated Oil and Gas Project with Vitol Upstream Ghana Limited and Ghana National Petroleum Corporation as partners.

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