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March 16, 2015

GE Oil & Gas to supply equipment for Offshore Cape Three Points block in Ghana

GE Oil & Gas has won a $850m contract to deliver turbomachinery and subsea elements for the Offshore Cape Three Points (OCTP) block, Ghana.

By admin-demo

GE Oil & Gas has won an $850m contract to deliver turbomachinery and subsea elements for the Offshore Cape Three Points (OCTP) block, Ghana.

The subsea scope of the order was awarded by Eni Ghana and its partners Vitol Upstream Ghana and Ghana National Petroleum Corporation (GNPC).

A consortium of GE Oil & Gas and Oceaneering International will deliver the subsea production system.

It includes the subsea production, control system and umbilicals engineering, as well as project management, fabrication, transport and testing.

"The project will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years."

The turbomachinery scope of the contract was awarded by Yinson Production (West Africa), which is supplying the floating production, storage and offloading (FPSO) vessel.

GE will solely deliver the turbomachinery solutions scope, which features three LM2500+G4 gas turbines for power generation and four centrifugal compressors electric motor driven.

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Located about 60km from the Ghanaian Western Region’s coast, the OCTP project features oil and non-associated gas fields.

It will access about 41 billion cubic metres of gas and 500 million barrels of oil. First oil is expected in 2017 and initial gas in 2018, with peak production planned to be 80,000 barrels of oil equivalent per day in 2019.

The project will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years.

GE Oil & Gas has established a joint venture with a company in order to deliver asset management services to the OCTP development.

The company is funding the development of a local capacity and skills development programme, with the GNPC and Ashesi University.

Ghana Minister of Energy & Petroleum Emmanuel Armah Kofi Buah stated that the investments in the oil and gas sector would have a positive effect on the Ghanaian economy.

Buah said the discovery of crude oil and exploration in Ghana would clearly lead to job creation, and technology and skills transfer.

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