Audio By Carbonatix
Brian Maxted, Chief Executive Officer of Kosmos Energy, one of the partners in the Jubilee oilfield, has said that there are a lot of options to deal with the storage of the associated gas, assuaging concerns that the delays in the development of Ghana’s gas infrastructure could force gas flaring.
“We have got enough options to ensure that we do not compromise the oil development…We will not undermine the gas storage and we will not undermine the ability to produce oil,” he told journalists on the sidelines at the opening of the company’s ultra-modern office complex at Dzorwulu in Accra.
“We are going to continue oil production for the next 20 to 25 years at Jubilee, and we will find a solution to the gas one way or another. Those solutions go way beyond when the gas infrastructure will be on stream and operational,” he insisted.
The gas could be injected into other reservoirs and stored, he said, even though getting the gas onshore for power generation is more crucial for him.
“I think you are putting too much emphasis on the delay of the gas. I want to see the gas come to shore primarily because it is a cheap form of energy for the people of Ghana. It would mean that you don’t need to burn oil to generate electricity,” he said.
Government made it clear from the beginning of oil production that it was not going to allow the flaring of associated gas from the Jubilee oilfield, both for environmental reasons and due to the urgent need of the gas for power generation.
Delays in the “early phase” Gas Infrastructure Development Project, which began in early 2012, has however led to speculation that in order to save the oil reservoir from possible damage, operators of Jubilee may be forced to flare the gas.
This is especially so because the operators had said earlier that the gas could not be re-injected into the reservoir beyond a certain period.
Asked whether the reinjection of the gas into the oil reservoir could jeopardise the reservoir, Brian Maxted admitted that “potentially it could; that’s a fact”, adding that the oil and gas business is a very technical one where there are always threats to the development of oilfields.
He insisted, however, that in this specific case the partners have enough options to ensure oil production is not jeopardised.
Kosmos Energy has a working interest of 24.1% in the Jubilee oilfield, which currently produces 110,000 barrels of oil per day, and 19% of the Tweneboa, Enyira and Ntomme (TEN) project.
Brian Maxted disclosed that the company is investing US$400million in Ghana in 2013 to cover its commitments in Jubilee and other projects.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
33 minutes -
ECG announces power outages in parts of Accra West and Central regions
52 minutes -
Otumfuo calls for urgent action to end maternal deaths in Ghana
55 minutes -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates
56 minutes -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
2 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
4 hours -
Bezos-backed consortium buys a third of Liverpool
4 hours