Labadi Beach Hotel
Ghana Gas Company has confirmed that in May 2014, the Ghana Gas Infrastructure Project at Atuabo in the Western Region will be complete and help the country produce its own gas. The project was originally supposed to be completed by end of December, 2013, but due to technical reasons it was delayed.
Nevertheless, now the project is said to be complete and process 150 million Standard Cubic Feet of raw gas per day from the Jubilee Oilfield.
Apart from processing gas, the project is slated to separate raw gas into various components such as lean gas, liquefied petroleum gas (LPG), natural gas liquid as well as other mineral residues like propane and bitumen.
Ghana has partnered with various foreign companies such as China's Sinopec - the lead contractor in the project as well as Aecom from the USA, Thermo Design Engineering from Canada, Yokogawa from Japan, Technip from France and Worley Parson from the UK.
The project, once complete, will go a long way in reducing the cost of power generation in Ghana while also enabling power supply in the country.
More on Africa's gas projects is underway at CMT's Africa LPG Summit on 7-9 May, 2014 in Accra, Ghana.
In the next ten years, up to USD 30 billion will be invested by Norway's Statoil and United States based ExxonMobil for LPG production in Tanzania.
Over USD 1 billion have already been spent in drilling exploration wells at Zafarani, Lavani and Tangawizi, situated between Kilwa and Mtwara in the deep sea. A part of the investment will also be earmarked for construction of pipelines and LPG processing plant at a location, which will be decided later.
Statoil and ExxonMobil have deployed an exploration team that is drilling more wells in the deep sea. The team comprising of about 20 locals as well as foreigners will conduct the exploration for the next 36 months.
The exploration began after Statoil and ExxonMobil discovered three trillion cubic feet of natural gas at Lavani well and one trillion cubic feet along with an earlier 5 Tcf discovery in the Zafarani sidetrack in the same block.
The officials are hopeful that after the exploration they will be able to find the minimum recoverable volumes of natural gas to go into commercial production by 2016 or 2017 and thereafter production can actually begin in 2021. Market performance, especially price of gas will also determine the decision to go into commercial production.
In this partnership, Statoil holds a 65 per cent stake and an operating licence on 5,500-square-kilometre Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC), while ExxonMobil has a 35 per cent stake.
More of similar updates will be shared at Africa LPG Trade Summit on 07-09 May, 2014 in Accra, Ghana.