Pulse.com.gh logo
Go


Power crisis Gas supply to delay as 'dumsor' deepens

The power crisis will continue as gas from the Jubilee Field off-shore Cape Three Points to Gas Processing Atuabo is to be delayed for a further three weeks

  • Published: , Refreshed:

Gas from the Jubilee Field off-shore Cape Three Points to Gas Processing Atuabo is to be delayed for a further three weeks, Tullow Oil has said.

Challenges with gas compression systems on the FPSO Kwame Nkrumah have been identified as the main problem.

In the wake of the worsening power crisis, Tullow Oil plc has announced that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo, will most likely resume in three weeks time.

The export of gas which was suspended on July 3, due to technical issues with gas compression systems on the FPSO Kwame Nkrumah, is expected to resume by mid-August.

Tullow in a statement released on Tuesday July 21, said oil production is currently constrained to approximately 65,000 barrels per day, and is under constant review.

Click to read more

The statement however noted that there is no effect on the field’s reservoir or resources.

Tullow says it has mobilized a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further 3 weeks to reinstate gas export and full oil production.

Tullow added that it will review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results on 29th July.

Click for more

Tullow Ghana Ltd says it regrets the disruption caused by the suspension of gas export and assures the Ghanaian public that it is working hard to rectify the problem on the FPSO safely and speedily.

The technical challenge has largely worsened the country's power crisis since some thermal plants at Aboadze are not functioning due to the lack of gas.

Meanwhile, Finance Minister, Seth Terkper, in a mid-year budget review, acknowledged this and asked for a reduced cap on the Ghana Stabilisation Fund (GSF).

"With the downward revision of the expected oil revenue for 2015, resulting from the drastic decline in world oil prices, we propose to reduce the cap on the GSF to Ȼ150million for the rest of 2015," he said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Illegal Operations Menzgold extends suspension of gold vault market servicesbullet
2 Illegal Operations Menzgold customer threatens to sue over principal...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
5 Kotoka International Airport GACL to move all domestic airlines...bullet
6 How to create a verified PayPal account Learn how to create a...bullet
7 Retrenchment ATL sacks 200 workers, rest of staff not paid...bullet
8 Economy of Ghana Vice President Bawumia says Ghana's...bullet
9 Salaries In 2018 Here are the dates public workers will...bullet
10 Corruption? Oil companies deny ¢40.5m payments in...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Former Capital Bank staff grills pork for survivalbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Support Finance minister buys Kantanka carbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 Plane Crash Starbow suspends operations following plane...bullet
10 Selorm Adadevoh MTN CEO dances Agbadzabullet

Business

X
Advertisement