FPSO Kwame Nkrumah To Shut Down For Repairs In January 2018

| Updated Nov 17, 2017 at 8:12pm

 

FPSO Kwame Nkrumah

 

Oil and gas production on FPSO Kwame Nkrumah will be interrupted twice in 2018 for repair works. The shutdown will last three weeks each with the first on January 18, 2018 and the second, March 7, 2018 for repair works.

The cost of repairs is estimated at 500 million dollars.

Minister of Energy, Boakye Agyarko who announced this in Parliament said interruptions in gas supply during the temporary shutdowns will be compensated by gas from the newly inaugurated TEN fields.

Mr Agyarko said the Energy Commission has completed review of 26 out of the 30 Power Purchasing Agreements (PPAs), initiated by the Electricity Company of Ghana (ECG). He said out of this number, eleven PPAs with a combined capacity of 2,808 megawatts have been terminated and four deferred.

Mr Agyarko said government stands to make significant savings from the deferment or termination of the reviewed PPAs.

He said the estimated cost for the termination is more than 400 million dollars each year meaning, it will save the country 7.2 billion dollars over a 13-year period

GBCONLINE



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