Business News of Mon, 23 Apr 20183
Shutdown of FPSO not to affect power supply - IES
The Institute of Energy Security (IES) has told Citi Business News it is confident Ghanaians will be spared any power outages during the shutdown of the Floating, Production, Storage, and Offloading (FPSO) Kwame Nkrumah later this year for repairs.
According to the IES, it expects the contingency plans, being put in place by the key stakeholders especially the Ministry of Energy, to prevent any possible outages.
Operators on the Floating, Production, Storage, and Offloading vessel, Dr. Kwame Nkrumah, earlier this year served notice the vessel will be shut down to allow for maintenance works at the Jubilee oilfields.
Speaking to Citi Business News on the matter, Principal Research Analyst at the Institute of Energy Security (IES), Richmond Rockson assured of stable power supply during the entire shutdown period.
“Now when there’s any maintenance work to be done everybody gets jittery believing that we could go back to the days of power outages. Things have improved generally, our generation capacity has improved largely leading to excess capacity. So even though the FPSO shutdown will affect our gas supply, once plans have been put in place to deal with these challenges, we are not going to go back to dumsor.”
Operators on the Floating, Production, Storage, and Offloading (FPSO) Dr. Kwame Nkrumah at the beginning of the year served notice the vessel will shut down.
This is to allow for maintenance works on the vessel’s bearing at the Jubilee oilfields.
The announcement was made by a Petroleum Engineer at the Ghana National Petroleum Corporation (GNPC), Albert Longman Newman.
Mr. Newman then stated that the shutdown was necessary to allow for a smooth operation of the FPSO in 2019, and also enhance the output of the FPSO to sustain its production level for 2019.