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Ghana National Petroleum Corporation News

22 Mar 2021

BV Completes Classification of Ghana's LNG Floating Regasification Unit

Credit: BV

Bureau Veritas (BV), a testing, inspection, and certification body, has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana in sheltered waters.The unit is combined with a floating storage unit (FSU) for the delivery of gas to onshore consumers."This exciting development of Gasfin’s facility – involving the Torman LNG FRU and a Moss-type LNG floating storage unit (FSU), both classed by Bureau Veritas – paves the way for the first…

31 Oct 2018

Ghana FSU/FSRU Finally Under Construction

(Image: Gasfin)

Ghana's liquefied natural gas (LNG) import project is finally under construction, years after its original inception, with two vessels contracted to store and regasify the fuel by the second quarter of 2020, a project partner said on Wednesday.China Harbour Engineering Company has already begun construction work on a marina with a Floating Regasification unit (FRU) to be provided by the CSSC Jiangnan shipyard and a Floating Storage Unit by Gasfin, Gasfin's chief executive Roland Fisher said.Ghana has been trying to get an LNG import project off the ground for years…

22 Aug 2018

Offshore Cape Three Points Begins Gas Delivery to Ghana

Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu, greatly reducing Ghana’s fuel costs compared to liquid fuels or imported gas.The project will provide approximately 180 MMscf/d for at least 15 years, sufficient to supply half of Ghana’s power generation requirements.

28 May 2018

Rosneft and GNPC Arrange LNG Supply to Ghana

Rosneft and the Ghana National Petroleum Corporation (GNPC) signed the package of documents assuming the delivery to the port of Tema (Ghana) over 12 years of the liquefied natural gas (LNG) in the volume of ca. 1.7 mmtpa (or 250 mln standard cubic feet per day), its regasification using the processing capacities of Tema terminal in order to subsequently supply the natural gas to GNPC. The obligations of the parties arising from the above documents will come into effect once they are approved by the Boards of Directors of the parties. Rosneft gas supplies will allow to satisfy a quarter of Ghana's energy demand, strengthen its energy security and reinforce the country's position as the key LNG hub in the region.

22 May 2018

FPSO at Jubilee Oil Field to Close for Fix

Photo: Tullow

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday. The planned shutdown next Monday of the Kwame Nkrumah production vessel, which currently produces both oil and gas, will result in a cut to offshore gas supply, the companies said in a statement. They said any loss of power generation would be offset by generating additional power from the eastern port of Tema area. Tullow did not immediately respond to a request for comment.

18 May 2018

Ghana to Award New Oil Blocks off West Coast

FPSO Prof. John Evans Atta Mills (File photo: Tullow)

Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on Thursday.The West African country plans to award six of the nine blocks this year while the remaining three will be given out next year through a mix of open competitive tender and direct negotiations, the ministry said in a statement.It said state oil company Ghana National Petroleum Corporation will acquire one of the blocks to explore in partnership with a strategic partner to develop its technical capacity and become an operator.Ghana, which b

18 Sep 2017

Gazprom Signs LNG Supply Deal with Ghana

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday.   Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019.   The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said.   It did not disclose further details. (Reporting by Vladimir Soldatkin; editing by Susan Thomas)

21 Aug 2017

Ghana, Equatorial Guinea to Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship Jubilee field came on stream in 2010, Ghana has in the past struggled to ensure reliable power production for a growing domestic market. Equatorial Guinea, meanwhile, is exploring the possibility of selling a portion of its LNG cargos to its African neighbours. The statement from Akufo-Addo's communications director said the president was expected to sign a framework document with his counterpart President Teodoro Obiang Nguema to import LNG from Equatorial Guinea for five years.

28 Sep 2014

Ivory Coast to File Legal Complaint over Ghana Border Row

Ivory Coast said on Friday it would file a complaint with an international jurisdiction after Ghana took legal action to resolve a dispute over the two nations' maritime border in an area rich in hydrocarbons. British firm Tullow Oil has licences in Ghanaian waters near to the boundary disputed by the West African neighbours. Bruno Kone, a spokesman for Ivory Coast's government, would not give details on where the complaint would be filed. "We will take this before the competent jurisdiction, but we are not going to say more for the moment," he told Reuters. Earlier this week, Ghanaian Attorney General Marrieta Brew Appiah-Oppong said Ghana had filed a suit under the U.N. Convention on the Law of the Sea after 10 bilateral meetings failed to resolve the issue.

01 Jul 2014

Wood Group Kenny Wins Ghana Contract for Subsea Engineering

Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow Ghana Limited and its partners through the execution phase of the Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana. WGK will provide subsea, umbilical, risers, flowlines (SURF) engineering services. The Tweneboa, Enyenra and Ntomme oil fields are situated in the Deepwater Tano area, offshore Ghana, approximately 30 kilometres from the existing Jubilee field. Steve Wayman, CEO of Wood Group Kenny said: “We see this as a very significant award from a number of perspectives. We are extremely pleased to be extending our business relationship with Tullow…

20 Sep 2012

Eni Makes Oil Discovery

Eni has made the first oil discovery in the Offshore Cape Three Points (OCTP) block, located in the Tano Basin offshore Ghana, about 50 km off the coast of Ghana. The discovery is relevant as it may have the potential for commercial development and confirms the importance of the block also in terms of the presence of oil, as well as natural gas and condensates. Eni plans for the immediate drilling of other wells to delineate the size of the discovery and confirm the feasibility of commercial development. The discovery was made through the Sankofa East-1X well, which reached a total depth of 3,650 meters, in 825 meters of water, and encountered 28 meters with  gas and condensate and 76 meters of gross oil pay in Cretaceous sandstones.

07 Jul 2011

Kosmos Energy Update on Drilling Cedrela-1 Exploration Well

Kosmos Energy KOS 0.00% today provided an update on the company's drilling of the Cedrela-1 exploration well offshore the Republic of Ghana. The "Transocean Marianas" semi-submersible drilling rig, under contract to another operator in Ghana, was expected to arrive at the Cedrela-1 well location on the West Cape Three Points Block on or about July 10 to commence drilling Kosmos' Cedrela-1 well near the block's southern boundary. The rig was rendered temporarily inoperable following a reported anchor-handling incident on the Offshore Cape Three Points Block, which is east of the Kosmos-operated West Cape Three Points Block. The incident occurred while preparations were being made to move the rig from the other operator's block to the Cedrela-1 well location.