Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017.
This is the indication from the Managing Director of ENI Ghana, Fabio Cavanna.
According to him, construction works have advanced steadily and the vessel is set to arrive in the country for commercial production to commence in August 2017, as scheduled.
“I can say that we are in the advanced stage of the project; the FPSO is coming to Ghana in March 2017 and then it has to be installed and all the facilities installed, so the first storage is confirmed in August,” Fabio Cavanna observed.
The ENI Ghana boss however explained that gas from the oil fields is expected to start in the first half of 2018.
“We are also working hard for the gas portion and the first gas is planned in the first half of 2018 and we are going to deliver at least one hundred and seventy one million standard cubic feet a day from 2018 to 2036,” he added.
Earlier, the CEO of the Ghana National Petroleum Corporation (GNPC), Alex Mould told Citi Business News the project will be completed within schedule.
Mr. Mould further intimated that the Sankofa Project is one of the few projects around the world that has progressed in spite of the challenging oil and gas environment.
In addition, Fabio Cavanna said is confident the project will enable Ghana grow its energy supplies.
ENI, the operator for the Sankofa Gye Nyame Oil& Gas Project, holds a 47.2 percent participating interest in the block while Vitol holds 37.8 percent.
GNPC holds a 15 percent carried interest and 5 percent additional participating interest.