GE will supply $850USD million of oil & gas equipment to the Offshore Cape Three Points block, a 944-square-meter area. As part of the contract, GE will form a local joint venture with Ghana National Petroleum Corporation and Ashesi University.
GE to supply Ghana’s offshore Cape Three Points
As part of the contract, GE will form a local joint venture with Ghana National Petroleum Corporation and Ashesi University.
The equipment for the FPSO includes both turbo machinery and subsea elements, with the first shipment planned for the fourth quarter of 2015.
Turbo machinery consists of three gas turbines for power generation and four centrifugal compressors, GE said in a statement. The engineering work will be carried out by GE offices in Italy and France.
The subsea portion of the order was booked directly with Eni Ghana and its partners Vitol and GNPC. The turbomachinery piece was awarded to GE by Yinson Production (West Africa), selected by Eni and its partners Vitol and GNPC for the FPSO vessel.
Ghana's government approved the project in July 2014. Eni and its partners have seven years to discover oil. The exploration period has been divided into three periods - 2.5 years, 2 years and 1.5 years. One exploration well will be drilled at each stage. The consortium projects it will find oil by the end of the first stage.
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