The Floating, Production, Storage and Offloading (FPSO) vessel that will be used on Ghana’s third oil and gas field Sankofa Gye-Nayame project is to be named after former President John Agyekum Kufuor. Sources say the name was settled on earlier this year between the partners and government. A formal program to name the vessel after … Read more
New figures released by the International Finance Corporation (IFC) has projected that the Sankofa Gye Nyame Oil and Gas field will generate about $2.3 billion in revenues for the government of Ghana annually . The field which will provide reliable gas supply for thermal plants is also estimated to help produce about 1000 megawatts of … Read more
The much awaited for the start of commercial production of gas from the country’s largest gas well being operated by ENI Gas Ghana is to receive the Floating, Production, Storage, Offloading (FPSO) vessel in March 2017. The Sankofa Gye Nyame Oil and Gas project, is the largest gas well which will soon produce natural gas … Read more
Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017. This is the indication from the Managing Director of ENI Ghana, Fabio Cavanna. According to him, construction works have advanced steadily and the vessel is set to … Read more
The Africa Center for Energy Policy (ACEP) has welcomed government’s decision to renegotiate the Sankofa-Gye Nyame Project agreement. Deputy Minister for Petroleum Benjamin Dagadu yesterday indicated government will soon kick-start renegotiation of the Sankofa-Gye Nyame Oil and Gas deal signed early this year. This according to him, has become crucial to ensure the country derives … Read more