Audio By Carbonatix
The Minister for Petroleum says a technical investigation of the condition of the turret bearing on the FPSO Kwame Nkrumah confirms that the bearing has been seriously damaged.
Emmanuel Armah Kofi Buah says Jubilee Fields lead partners, Tullow Oil, has assured the government that oil production and gas export can continue but under revised operating and off-take procedures.
The turret bearing is no longer able to rotate as originally designed.
The Minister spoke with Joy Business after a visit to the FPSO Kwame Nkrumah to understand the extent of the problem.
The Petroleum minister explained that production from the FPSO is expected to will re-start by April 23.
A root cause analysis is ongoing and a project team is assessing to find a long-term solution to the operational problems on the FPSO.
The country Manager for Tullow Ghana Mr Charlse Darko said, the FPSO Kwame Nkrumah has now been placed on "heading control" through the use of tugs which minimise vessel movement around the bearing.
He added that, new operating procedures, including the use of a dynamically-positioned shuttle tanker (capacity of 250,000 barrels of oil) and a storage tanker (capacity of 1 million barrels of oil), are being implemented to assure safe production and off-take operations.
According to Mr Darko, although all necessary equipment for the new operating procedures, including the two tankers, are in place, it is important that additional time and due care is taken to implement new procedures and receive required approvals.
Darko said, “safety and protecting the environment remain Tullow’s key priorities. Tullow currently estimates that production from the FPSO will re-start in approximately two weeks time and will also take time to ramp-up. Tullow’s production guidance will be re-issued once the new operating arrangements have stabilised.”
Latest Stories
-
Gov’t releases GH¢139m in LEAP support for over 350,000 vulnerable households
7 minutes -
Fact-Check: Claim by GoldBod CEO that Ghana’s foreign reserves was $9bn in 2016 FALSE
46 minutes -
Haruna Iddrisu: Akufo-Addo administration left Ghana’s economy in structural crisis
46 minutes -
Unemployment continues to threaten Ghana’s stability – Haruna Iddrisu
1 hour -
Gov’t pledges protection and compensation for journalists harmed in the line of duty
1 hour -
Christmas Eve crash kills four at Twifo Ntafrewaso
1 hour -
Kofi Owusu Peprah unveils ‘M’aseda’ music video featuring Diana Hamilton
2 hours -
GIADEC dismisses claims gov’t plans to award Nyinahin Bauxite concessions to Ibrahim Mahama
2 hours -
Ghana Celebrates Hanukkah: A Festival of Light and Freedom
2 hours -
IMF seeks 3-month extension of Ghana’s Programme
2 hours -
Government secures $200m World Bank support to end double-track system – Haruna Iddrisu
3 hours -
GJA raises alarm over court order restraining investigative reporting
3 hours -
Ghana Embassy delegation visits Ghanaian detainees at ICE facility in Pennsylvania
3 hours -
The Licensure Fallacy: A misplaced narrative on WASSCE performance
4 hours -
Front-runner to be Bangladesh PM returns after 17 years in exile
4 hours
