Ghana – Nigeria Key Projects and Business Highlights
Around the Gulf of Guinea, Ghana and Nigeria appeared as the most active countries during the first half 2013 with upstream and downstream projects led by international and national companies such as Anadarko Petroleum (Anadarko), Eni, Ghana National Petroleum Corporation (GNPC), Kosmos Energy (Kosmos), Lekoil Ltd (Lekoil), Sabre Oil and Gas (Sabre), Total, Tullow Oil plc (Tullow), Vitol.
In addition to there offshore and onshore projects, these countries as many others on the West Africa are developing local regulations to favor the local content.
After number of adjustments Nigeria is currently well in progress regarding its local content policy with the first world-class floating, production, storage and offloading (FPSO) vessel to be built by Samsung Heavy Industries (Samsung) in Nigeria.
Ghana is still progressing along the learning curve of this sensitive topic balancing between the political intention to maximize the local content and the pragmatism to speed up the oil and gas exploration and production activities.
Modec and SBM in competitive FEED for Tullow TEN
The UK-based Tullow Oil plc (Tullow) and its partners Kosmos Energy (Kosmos) fromUSA, Anadarko Petroleum (Anadarko) from USA, Sabre Oil and Gas (Sabre) fromUSA, and the local Ghana National Petroleum Corporation (GNPC) are approaching the time for decision on the design contest between Modec and SBM for the TEN FPSO project offshore Ghana.
Eni discoveries trigger debate on Ghana localization
In September 2012, the Italian national oil company Eni and its partners, Vitol from The Netherlands and the Ghana National Petroleum Corporation (GNPC), made the first oil discovery in the Offshore Cape Three Point (OCPT) block in the Tano Basin about 50 kilometers offshore Ghana.
Lekoil to replace Panoro in Nigeria Aje offshore project
The local junior company Lekoil Ltd (Lekoil) signed a Sales and Purchase Agreement (SPA) with Panoro Energy (Panoro) from Norway to acquire its stake of the Aje project in the Oil Mining Lease 113 (OML 113).
Samsung to build the world largest FPSO in Nigeria
In June 2013, Samsung Heavy Industries Upstream Nigeria converted a letter of appointment (LOA) into firm signed contract with Total Upstream Petroleum Nigeria (TUPNI) for the construction of the world ever largest floating, production, storage and offloading (FPSO) vessel in Nigeria.
Nigeria to rebuild refining capacities
The Nigerian billionaire Aliko Dangote announced its project to build a greenfield new refinery in Nigeria in order to compensate current imports.
Nigeria is the largest crude oil producer in Africa …