JUBILEE PAARTNERS TO CONSTRUCT CHEMICAL PLANT (PAGE 29, JUNE 26, 2010)

Tullow Ghana and its Jubilee partners have finally secured the lease from the Ghana Ports and Harbours Authority (GPHA) to construct a chemical depot for its projects offshore in the Jubilee fields.
According to the Tullow officials, the absence of the facility could have added $1million daily to the cost of production of which Ghana would have been the loser.
The Communications Manager of Tullow Ghana, Mr Gayheart Mensah, who confirmed this to the Daily Graphic said the lease had been granted the Jubilee partners to commence work.
He said the facilities would help with the smooth operations of the jubilee partners offshore and commended the GPHA and Ministry of Transport for the support towards the company’s dream of ensuring that the first oil was poured in the last quarter of the year.
Mr Gayheart Mensah said the prime focus of the jubilee project was to ensure safety through the use of world-class mode of operation.
He said the FPSO would help to process the hydrocarbons by separating all other components such as the gas, water and the crude, as well as serve as storage where processed crude would be stored.
Mr Mensah said one other important aspect of the move was the opportunity offered to supplier vessels to offload their content offshore before being taken to their various destinations.
He said the FPSO with its sophisticated nature would help in management and maintenance of wells for optimum production through the injection of gas back into the wells to enhance production.
The Communications Director said the FPSO was carefully chosen, since it would also avoid the costly laying of pipelines from the offshore to the coast, thereby minimising the impact it would have on the operations on the fishing communities.
The jubilee fields was discovered in June, 2007 and oil is due for production in the fourth quarter of this year.
Under phase one of the project, Tullow Ghana has 34.7 per cent shares, Kosmos 23. 49 per cent, Anadako Petroleum 23.49 per cent, the government of Ghana through Ghana National Petroleum Corporation (GNPC) 13.75 per cent with Sabre Oil & Gas and EO Group taking 2.81 and 1.75 per cent respectively.