Page 14 - AfrOil Week 03 2023

AfrOil PROJECTS & COMPANIES AfrOil

Think tank urges Accra to revive refinery

GHANA THE Institute for Energy Security (IES), an equipment. The government has been seeking
energy think tank, has called on the government to bring in investors to revive the refinery, which
to revive the Tema Oil Refinery (TOR), Ghana’s the Institute of Energy Policy and Research
sole refinery, in a bid to reduce imports to ease (IEPRe) estimated needs $500mn to revamp
forex challenges, Citi News reports. and cover initial operating costs.
“Tema Oil Refinery can produce 45,000 bar- Previously, Amoasi estimated that should
rels per day (bpd), which can meet almost half of TOR come back online, it could meet roughly
our daily demand. [It] is not going to give us only half of national demand and build a synergy
that assurance of fuel supply, it is also a ground with the upstream sector to help optimise the
to train our engineers,” IES executive director value of Ghana’s crude oil.
Nana Amoasi VII told the media outlet. Amoasi has also argued that TOR could bol-
The TOR has not been operational since ster strategic fuel stocks through a partnership
June 2018 due to a lack of crude oil and oper- with the Bulk Oil Storage and Transportation
ational challenges, including faulty and ageing Company (BOST). ™

Wison marks beginning of work

on FLNG for Marine XII block

REPUBLIC OF CONGO CHINA’S Wison Offshore & Marine has offi- XII within the framework of a plan to monetise
cially started work on a floating LNG (FLNG) the block’s natural and associated gas reserves.
vessel that will be installed at the Marine XII The company already pipes gas from the off-
block offshore Republic of Congo (ROC). shore block to shore for use at two onshore
In a statement, Wison said that one of its sub- thermal power plant (TPPs), Central Électrique
sidiaries, Wison (Nantong) Heavy Industry, had du Congo (CEC) and Central Électrique du
marked the beginning of construction in a cer- Djeno (CED), which account for the majority of
emony on January 17. The event was attended ROC’s electricity production. It is now looking
by about 200 people, including representatives to expand into the LNG export arena in order to
of Eni, the Italian operator of Marine XII, it said. increase its revenues and meet energy demand
When finished and launched in 2025, the in Europe. ™
FLNG vessel will have a production capacity
of 2.4mn tonnes per year (tpy) of LNG. It will
be around 380 metres long and 60 metres wide,
with a draft of 35 metres, and will be capable of
storing more than 180,000 cubic metres of LNG
and 45,000 cubic metres of LPG.
According to Wison, Eni intends to install
the vessel in the Nene Marine section of Marine
XII at a site around 50 km off the coast of Pointe
Noire. It will use a submerged swivel Yoke sys-
tem to moor the FLNG unit in 40-metre-deep
water, the Chinese company noted.
The newbuild vessel will be the second FLNG
unit installed at Marine XII. Eni acquired the
first unit – the 600,000 tpy Tango FLNG, built by
Wison and finished in 2017– for the project last
August. Tango FLNG is due to begin produc-
tion later this year, and together with the larger
vessel, it will raise Eni’s production capacity at
Marine XII to 3mn tpy.
Eni has not disclosed the value of its FLNG
construction contract with Wison. The Italian
major is installing the FLNG units at Marine The newbuild FLNG will have a capacity of 2.4mn tpy (Image: New Age)

P14 www. NEWSBASE .com Week 03 19•January•2023