Page 8 - AfrOil Week 50 2022

AfrOil PIPELINES & TRANSPORT AfrOil

Ghana’s president commissions $250mn

floating dry dock, oil and gas terminal

GHANA GHANA’S president has broken ground on a The projects will also enhance the cargo-han-
state-of-the-art floating dry dock and oil and gas dling capacity of Ghana, and its ability to main-
services terminal at the port of Takoradi in the tain and repair ships, he said.
Western Region, which will cost $137mn and The dry bulk terminal, Akufo-Addo said,
$98mn to build in the first phase respectively. “has been equipped with modern ship loaders
The floating dry dock, with local company and eco-hoppers for the safety of both workers
Prime Meridian Docks (PMD) as the client and and members of the port community.”
German engineering company Sellhorn as the He also noted that the new ATS Container
consultant, will be executed by China Harbour Terminal facility, a part of the multi-purpose
Engineering Company (Ghana), or CHEC, in 18 terminal, will take care of both and import con-
months, the Ghanian Times reports. tainers and conventional cargoes, adding that
The African Export-Import Bank (Afrex- operations are expected to begin in February
imbank) in September approved senior debt 2023.
funding of $50mn for PMD as part of a $75mn Apart from Afreximbank, other lenders
syndicated project finance facility for the project reportedly include the African Development
to build and operate a world-class ship repair Bank (AfDB) and UMB Bank, as well as its
and maintenance facility under a 25-year con- equity partners, ARM-Harith Infrastructure
cession granted by the Ghana Ports and Har- Fund and Stratcon Capital. ™
bours Authority (GPHA).
The floating dry dock will serve to carry out
maintenance works on vessels that otherwise
would be done in foreign facilities in Western
Africa, such as on the island of Gran Canaria.
When completed, the project will include
some 30,000 square metres of paved laydown
area, a 200-metre jetty, and a newbuild 13,500-
tonne lift-capacity handy-max size floating
drydock.
President Nana Akufo-Addo noted at a
December 8 ceremony that the modern oil and
gas terminal forms “part of the strategic devel-
opment of the port of Takoradi, to service the
emerging petroleum hub and accommodate oil
and gas service providers,” as well as upstream
exploration and production companies and
their suppliers for supply base activities. Sign with rendering of new services terminal (Image: Facebook/@nakufoaddo)

INVESTMENT
Tullow Oil acquires 90% stake in

Block CI-803 offshore Côte d’Ivoire

CÔTE D’IVOIRE TULLOW Oil, a British/Irish oil and gas explo- company (NOC), will retain the remaining 10%
ration company, has signed a licence for a new stake in the block.
offshore block in Côte d’Ivoire. This acquisition expands the company’s pres-
The company has acquired a 90% equity ence in the region, as the CI-803 area is adjacent
stake in the CI-803 licence area, which covers a to the CI-524 licence area, in which Tullow
total of 1,345 square km. Petroci, the national oil already owns a 90% stake.

P8 www. NEWSBASE .com Week 50 15•December•2022