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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Challenges with FPSO Kwame Nkrumah’s turret bearing fully resolved – Tullow Ghana

bycitibusinessnews
March 8, 2020
in Business, Oil And Gas, Top Stories
MV21

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The Jubilee Offshore Field Manager in-charge of the FPSO Kwame Nkrumah, Bruce Tait, says challenges with the FPSO’s turret bearing have been completely resolved.

He said the problem was fixed with an industry groundbreaking innovation, placing it in a safer location after the damaged bearing was replaced.

The Jubilee Offshore Field Manager, who was speaking to Citi Business News after leading a tour of journalists on the operations of the Kwame Nkrumah FPSO, said the FPSO is currently producing 96,200 barrels of oil per day without any offloading difficulties, as was encountered when the turret bearing was faulty.

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Turret Bearing

“The challenges with the turret have been completely resolved. With the installation of the calm buoy, it is expected that production and offtake will be smooth. It is indeed an industry ground-breaking innovation to be able to remediate the turret and create an efficient offloading system concurrently alongside production…This has propelled the FPSO to currently produce at 96,200 barrels per day, while re-injecting and flaring more than 30 percent of gas produced, due to the less raw gas requirements by the Atuabo Gas Processing plant.”

The fabricated Buoy Turret Loading (BTL), which forms part of the Oil Offloading system (OOSys), arrived in Ghana on 3rd January 2020, to be retro-fitted on the FPSO Kwame Nkrumah to reduce the overall offloading costs.

The construction and installation of the BTL were supported by Belmet 7, a Ghanaian company in Takoradi, which finalized fabrications for the suction piles, oil offloading lines hang off-platform, and pigging module.

Touching on local content, the Jubilee Offshore Field Manager of the FPSO Kwame Nkrumah, Bruce Tait, said there have been a lot of successes in that regard.

Bruce Tait-Manager, Jubilee Offshore Field FPSO Kwame Nkrumah

“Together with all the other vessels in the field, the Jubilee operations has 1,050 personnel in the field. A significant proportion of these people are Ghanaians, meaning this operation contributes significantly to local content.”

The Offshore visit to the FPSO Kwame Nkrumah at the Jubilee Field was to conclude a three-part Tullow funded training program in the fundamentals of oil and gas for the selected journalists to help improve their reporting on the Petroleum industry.

The journalists who included, Marie Aziz Tunde of Ghana Broadcasting Corporation, Citi FM and Citi TV’s Akwasi Agyei Annim, and Daryl Kwaw of Joy News, had also secured the Basic Offshore Safety Induction and Emergency Training, BOSIET certification, which allowed them to travel to the FPSO.

The Senior Communications and Investor Relations Advisor at Tullow, Anani Yao Kuwornu, who supervised the visiting journalists said the first-hand experience given to the journalists would be beneficial to the Petroleum Industry and the journalists.

“We know that you read about it, you hear about it, but it is a different thing when you see it. So for example, we talk about turret all the time, but when you see the quantum of metals that constitute the turret and the complexity of the engineering behind it, it gives you a better sense of it.

“So we felt that it would crystalize everything that you have learnt and hopefully when you now report, people would believe you more because of what you have seen,” he said.

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[From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

Financing agric sector alone not enough to grow it – GIRSAL CEO

Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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