Italian energy company ENI has praised the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, and the Government of Ghana for restoring investor confidence through policies that have created a stable and business-friendly environment for the country’s upstream petroleum sector.

The commendation was made during a meeting between the Minister and a high-level ENI delegation led by Guido Brusco, Chief Operating Officer for Global Natural Resources, who noted that the investment climate under the current administration marks a significant departure from what the company experienced in previous years.

According to ENI, the renewed policy certainty, constructive engagement with industry players, and government’s commitment to creating an enabling environment for business have strengthened investor confidence and positioned Ghana as an attractive destination for further upstream investments.

The company also expressed optimism about the future, indicating its interest in participating in the acquisition of new oil and gas blocks as opportunities become available, citing the improved investment climate and renewed confidence in the sector.

The meeting reviewed ENI’s operational performance in Ghana, with the company highlighting its success in reversing production decline through the drilling of new wells, achieving record gas production of 282 million standard cubic feet (MMSCF) to support power generation, and maintaining an operational reliability rate of more than 99%.

Discussions also focused on ongoing exploration activities, including key appraisal wells, potential field extensions, and future investment plans aimed at increasing production and strengthening Ghana’s energy security.

Dr Jinapor reaffirmed the government’s commitment to maintaining a transparent, predictable, and investor-friendly regulatory environment that encourages responsible investment, expands production, and maximises the value of Ghana’s natural resources.

He welcomed ENI’s renewed confidence in the sector and expressed optimism about deepening collaboration with the company and other industry partners to drive growth in Ghana’s petroleum industry.