AFRICANGLOBE – A statement issued by the Ghana National Gas Company (Ghana Gas) and signed by its Chief Executive, Dr. George Sipa-Adjah Yankey, said the Company last week signed a Project Implementation Agreement with a Chinese firm, Sinopec International Petroleum Service Corporation, for the development of the early phase gas infrastructure in the Western Region.
According to the statement, Ghana should have a functioning gas processing plant and infrastructure, linking the FPSO to the processing plant and to Aboadze and Prestea, through Esiama by December 2012.
“A lot of work has gone into the process so far, and the signing of the agreement is good news for Ghana Gas and the people of Ghana. The team will arrive in Ghana next month, and after reviewing all the technical and construction details we are confident that the offshore and onshore pipelines and the gas processing plant should be ready for inauguration by December 2012′, Dr. Yankey stated.
A highly experienced company that has been involved in the execution of oil and gas projects worldwide, Sinopec will construct and commission the 150 MMSCFD Gas Processing Plant, a 36- kilometre shallow water offshore pipeline from the FPSO to the Plant, a 120- kilometre onshore pipeline from the gas processing plant to Aboadze, a 75- kilometre onshore pipeline from Esiama to Prestea, a jetty for the export of natural gas liquids and an operations and control office complex.
Dr. Yankey explained that French company, Technip, has been contracted and is working on the engineering design of the gas processing plant.
Intecsea/ Worley Parson of Houston, USA, is handling the engineering design of the offshore pipeline from the FPSO to the gas processing plant, which is almost complete.
Sinopec will as part of its contract work on the engineering design of the onshore pipeline to Aboadze and Prestea.
Government confirmed in the 2012 budget, presented to Parliament last week, its policy of accelerated infrastructure development in line with the Ghana Shared Growth and Development Agenda 2010-2013.
The development framework according to the budget “affirms government’s commitment to build better infrastructure as a catalyst for an accelerated economic growth and development.”
Commenting on the Sinopec agreement, Dr. Yankey explained that while it will be funded from the China Development Bank (CDB) facility approved by Parliament in August this year, the Chinese firm will pre- finance the start of work pending the release of the funds by the CDB.
“This means that there’ll be no time wasted, and we have taken all the necessary steps to ensure that the gas infrastructure is put in place as soon as possible while holding ourselves in readiness for the disbursement of the CDB facility”, said Dr. Yankey.
The Sinopec Group is China’s leading Oil and Gas Company with an annual turnover of $288.9 billion and listed at #5 on Global Fortune 500 list of Companies.