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Energy and Transport Ministries collaborate to build new FPSO
Posted on: 15-Aug-2012         Source: citifmonline.com
The Energy Ministry says it is working with the Transport Ministry to ready the Tema Shipyard and Dry Dock to build parts of the new FPSO.

The FPSO is to be built by the Jubilee Oil Field partners.

Citi Business News has learnt that the Jubilee partners are in negotiations with technical handlers of the new Floating Production, Storage and Offloading (FPSO) vessel to access the viability of incorporating Ghanaians in the building of facility.
The partners would be constructing a new FPSO as planned to get other fields to produce more oil prove successful.

The Public Relations Officer at the Energy Ministry, Edward Bawa in an interview with Citi Business News said Ghana has the capacity to support the building of the new FPSO.

He explained “we will not hesitate as a country so that is why there is constant collaboration between the Energy Ministry and the Ministry of Transport. The Tema Shipyard was not bought in isolation; we looked at it because of the overall infrastructural requirement, particularly for our country’s maritime industry and socio-economic development.”

According to him, it is the aim of the Ministry to ensure that Ghanaians benefit from the Oil and Gas industry “and therefore if it is possible that we can do those things, I can assure you that the two Ministries will work seriously to ensure that operator fabricates some of its FPSO in this country.”

Government in July signed the Sales and Purchase Agreement, which finally transferred to Ghana the entire 60 per cent shares of Penang Shipbuilding after controlling the shares for over 13 years.