Ghanaian service companies in the oil and gas industry will be playing major roles in the multi-billion dollar offshore development of the Tweneboa, Enyenra, Ntomme (TEN) Project which is expected to deliver oil from the country’s second developed field by 2016.
The Tema Shipyard is also likely to be one of the places in Ghana to undergo a facelift to serve as one of the bases for the operation to give meaning to the partners’ commitment to local content and the transfer of technology to Ghanaians.
The service sector is crucial to the development of the TEN Project, which will require the drilling and completion of up to 24 development wells, to be connected through a subsea infrastructure to the second floating, production, storage and offloading vessel (FPSO).
To ensure that Ghanaian companies retain part of the billions being invested, the government has set up a number of important targets around the local content and supply chain Plan of Development (POD), signed recently to avert the dominance of foreign firms in the service sector.
According to officials of the Ministry of Energy and Petroleum, the partners are considering the fabrication of some of the components of the country’s second production platform, FPSO, in the country.
The contractors, selected for the installation of the subsea infrastructure, have also set up a base in the Western Region and also hope to work with locals to transfer scale.
According to the lead operator, Tullow, the award of these contracts would enable the partners to build on their commitment to support the development of the oil and gas sector of the country.
The Chief Executive officer of Tullow, Mr Aidan Heavy, said its commitment would ensure expansion of local capability and participation in the supply chain, particularly through the in-country fabrication requirement of the TEN Project.
He said the partners were delighted that the TEN Project development plan had been approved by the government for work to begin.
The design work on the FPSO, subsea facilities and the development wells, he said, were initiated in 2011 and, following the approval of the Development Plan, major contracts will now be finalised and subsequently awarded.
“This is an important project that will give Ghana its second major offshore development. The government of Ghana have shown faith in Tullow and its partners and has set us a number of important targets around local content and supply chain,” he said.
“I have every confidence that we will meet these targets and look forward to working with the government of Ghana and with our partners to deliver the TEN Project.”
The Executive Secretary of the Ghana Oil and Gas Service Providers Association (GOGSPA), Mr Nuetey Adziman, welcomed the commitment shown by government and the Jubilee Partners.
The TEN Project is located in the Deepwater Tano Contract Area, 60 kilometres off the coast of the Western Region. It holds a reserve of more than one billion barrels of oil and significant amounts of natural gas.
Tullow Oil is the lead operator of the project with an equity interest of 47.175 per cent. Other partners are Kosmos Energy and Anadarko Petroleum with 17 per cent each, while Sabre Oil & Gas Holdings Ltd, a wholly owned subsidiary of Petro SA has 3.825 per cent and the government of Ghana, through the Ghana National Petroleum Corporation,has 15 per cent.
Source: Daily Graphic
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