Sri Emas celebrates success of first oil at ENI’s OCTP

July 14, 2017
Source: thebftonline.com
Sri Emas celebrates success of first oil at ENI’s OCTP

Sri Emas, an independent Ghanaian company that delivers integrated offshore solutions in Ghana and the sub-region, has lauded the start of formal commercial production on the Sankofa-Gye Nyame oil and gas field.

President Nana Addo Dankwa Akufo-Addo, last week, turned the valves on Ghana’s third Floating Production Storage and Offloading (FPSO) vessel, FPSO John Agyekum Kufuor at 11.38am, to signify the commencement of operations.

Sri Emas Limited (SEL), was responsible for the complete subsea architecture installation including structures, flowlines, umbilical and risers.  The installed hardware are the conduits through which the oil extracted from below the seabed is moved to the floating production, storage and offloading unit (FPSO) - John Agyekum Kuffuor. 

A 63-kilometer submarine pipeline will transport gas to Sanzule's Onshore Receiving Facilities (ORF), where raw gas will be processed and transported to Ghana’s national distribution pipelines, supplying approximately 180million standard cubic feet per day (mmscfd).

Carla Olympio, the Legal Counsel at Sri Emas asserted that their level of delivery was evidenced in the fact that their client – ENI Ghana Ltd, has been able to start production three months earlier than expected.

Lydia Alomatu, Sri Emas’ Local Content Manager added that: "Thanks to the laudable efforts of the Petroleum Commission in enforcing the Local Content Law, Sri Emas has been able to play a critical role, in ENI’s production of first oil.”. 

Sri Emas also undertakes SURF installation, Light Well Intervention Works, Floater and Mooring Installation, Pipe Lay and Heavy Lift, accommodation and marine support, coupled with a track record of offshore engineering solutions for the entire oil-field cycle.
The company is equipped with highly skilled Ghanaian personnel including marine and subsea engineers. 

Claudio Descalzi, Eni CEO, stated that starting production only two and a half years after the approval of the Development Plan –- is an extraordinary result.

“It certifies our exploration skills and knowledge, as well as our field development vision, and it confirms the effectiveness of ENI’s new operational model, where they have a central role in project management, aimed at improving time-to-market,” he said.

The OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometers off Ghana’s Western Region coast. 

ENI’s explained that the fields have about 770million barrel of oil equivalent (mboe) in place, of which 500million barrels are oil and 270mboe are non-associated gas (about 40 billion cubic meters).

The project includes the development of gas fields whose production will be utilized entirely by Ghana’s domestic market. Production will be carried out via the ‘John Agyekum Kufuor’ floating production, storage and offloading unit (FPSO), which will produce up to 85,000 barrels of oil equivalent per day (boepd) through 18 underwater wells.

Eni is the operator of the OCTP block with a 44.44percent stake, while Vitol holds 35.56percent and Ghana National Petroleum Corporation (GNPC) 20percent.

Sri Emas is optimistic that with such continued emphasis on local content and their commitment to a high-level standard of delivery, the OCTP project will provide numerous jobs as well as opportunities for Ghanaians to raise their level of expertise, in the oil and gas industry.