Contrary to earlier speculations that the country’s oldest oil-producing field at Saltpond will be revived, the Ghana National Petroleum Corporation (GNPC) has said it has initiated the process to decommission it.
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Offshore driller Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal well offshore Ghana.
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As the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, Aker Energy held the signing ceremony in Accra on Tuesday. The ceremony was attended by representatives from the main office in Oslo on videolink.
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Togo, in an attempt to diversify its sources of gas supply and reduce its dependence on land pipelines, is discussing with Equatorial Guinea the possibility of housing storage and regasification infrastructures for LNG. In this regard, it is also examining the possibility of concluding an LNG Terminal Agreement, the rank of a “Sale and Purchase Agreement.”
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Reuters is reporting that Ghana has signed agreements with two Chinese companies to build the important infrastructure it needs to begin importing LNG.
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Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments.
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Growing activity on the Ghanaian black market for fuels is threatening 4,000 jobs as retail stations’ sales fall dramatically, local media report. The head of the country’s Association of Oil Marketing Companies said some fuel stations in the northern part of the country have already started letting employees go.
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Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year to allow time to complete appraisal drilling, expected to start in October, its chief executive said on Thursday.
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ACCRA – Ghana’s opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country’s debt burden, it said on Thursday.
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Offshore Cape Three Points (OCTP) has started delivery of gas from the Sankofa field to GNPC, marking the beginning of stable supplies of cost effective and environmentally friendly, domestic fuel for Ghana’s power sector.
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