Business & Finance
Trending

GNPC starts the Saltpond Oil Field decommissioning process.

GNPC starts the Saltpond Oil Field decommissioning process.

GNPC starts the Saltpond Oil Field decommissioning process.

The technical decommissioning of the Saltpond Oil Field, Ghana’s oldest oil field, in the Central Region will start on Monday, September 26, according to the Ghana National Petroleum Corporation (GNPC).

This comes after the much-awaited jack-up rig and accompanying vessels from Lagos, Nigeria, which was required to carry out the drill, arrived.

In the company of security personnel, the rig arrived in Saltpond on September 24, 2022, and as of 14:30 on Sunday, it was roughly three hours away from the drilling installation (Mr. Louie Rig).

On Monday, the GNPC will formally turn over the platform to the contractor, Hans, and Co Gas and Oil Service Providers, and construction will then start right away.
To return that region of the sea to its pre-expansion state, the exercise, which is the first of its kind to be performed in Ghana, will permanently seal all six of the oil field’s wells, remove all of the pipes, and fully disassemble the rusted and appalling drilling platform.
To carry out the activity, the required permits have been obtained.
The Saltpond Oil Field was found in 1970, 105 kilometers west of Accra and 13 kilometers off the Saltpond coast.
The field covers a five-square-kilometer area and is submerged to a depth of 85 feet.
At its peak, two of the six drilled wells were producing up to 4,800 barrels of oil per day.
However, by 2015, production had dropped to below 200 barrels per day, causing the operational costs to exceed production.
As a result, the Ministry of Energy instructed the GNPC to decommission the field in August 2016 based on recommendations from government organizations such as the Environmental Protection Agency.
To begin the field decommissioning process in 2018, the Corporation undertook the first phase of investigations and developed a plan that was fully finished and approved by the Ministry of Energy.
Speaking to the media in Saltpond on Sunday, Dr. Kwame Baah-Nuakoh, General Manager, Sustainability and Stakeholder Relations, GNPC, revealed that the oil field was no longer economically viable, which made the decommissioning exercise necessary.
He claimed that the wells and wellheads were in terrible condition and posed a risk of an oil spill, which would hurt aquatic life, fishermen’s livelihoods, and individuals who own property along the beaches.
Nobody can predict what would happen if we abandon this platform for the next two years since its structural integrity cannot be assured, he said.
“Almost all metals have rusted and could result in catastrophe.”
The drilling installation, according to Dr. Baah-Nuakoh, will be removed, taken to the beach, and recycled or sold as scrap to help the catchment villages grow.
He gave the assurance that all safety precautions were being properly adhered to prevent any disaster, including spilling.
“The goal is to prevent any hazardous waste from ending up in the ocean. In the unusual event that an incident does occur, the Corporation has established a strong emergency response strategy that meets international standards, he said.
“What we hope to do is return the land to its fishing-related economic level and ideally reassign it so we can see if we can locate oil there since history shows there is oil there,”
Dr. Baah-Nuakoh issued a 500-meter minimum distance warning to fishermen and announced that the navy will be sent out to execute the order during the decommissioning procedure.
He pointed out that the transfer of knowledge and technology so that future decommissioning would be carried out by Ghanaians was guaranteed as part of the decommissioning deal with the contractor.

He thanked Parliament for their ongoing assistance during the exercise.

To gain the support and buy-in of all stakeholders in the impacted catchment villages, Madam Patience Lartey, Deputy Manager, Social Performance and Local Content Sustainability and Stakeholder Relations, GNPC, said that several meetings had been held with all of them.

The Chief of Kuntu, Nana Kwesi Bravo III, urged the GNPC to offer the community some development projects as recompense for hosting the oil field since its commencement.GNPC starts the Saltpond Oil Field decommissioning process.

The technical decommissioning of the Saltpond Oil Field, Ghana’s oldest oil field, in the Central Region will start on Monday, September 26, according to the Ghana National Petroleum Corporation (GNPC).

This comes after the much-awaited jack-up rig and accompanying vessels from Lagos, Nigeria, which was required to carry out the drill, arrived.

In the company of security personnel, the rig arrived in Saltpond on September 24, 2022, and as of 14:30 on Sunday, it was roughly three hours away from the drilling installation (Mr. Louie Rig).

On Monday, the GNPC will formally turn over the platform to the contractor, Hans, and Co Gas and Oil Service Providers, and construction will then start right away.
To return that region of the sea to its pre-expansion state, the exercise, which is the first of its kind to be performed in Ghana, will permanently seal all six of the oil field’s wells, remove all of the pipes, and fully disassemble the rusted and appalling drilling platform.
To carry out the activity, the required permits have been obtained.
The Saltpond Oil Field was found in 1970, 105 kilometers west of Accra and 13 kilometers off the Saltpond coast.
The field covers a five-square-kilometer area and is submerged to a depth of 85 feet.
At its peak, two of the six drilled wells were producing up to 4,800 barrels of oil per day.
However, by 2015, production had dropped to below 200 barrels per day, causing the operational costs to exceed production.
As a result, the Ministry of Energy instructed the GNPC to decommission the field in August 2016 based on recommendations from government organizations such as the Environmental Protection Agency.
To begin the field decommissioning process in 2018, the Corporation undertook the first phase of investigations and developed a plan that was fully finished and approved by the Ministry of Energy.
Speaking to the media in Saltpond on Sunday, Dr. Kwame Baah-Nuakoh, General Manager, Sustainability and Stakeholder Relations, GNPC, revealed that the oil field was no longer economically viable, which made the decommissioning exercise necessary.
He claimed that the wells and wellheads were in terrible condition and posed a risk of an oil spill, which would harm aquatic life, fishermen’s livelihoods, and individuals who own property along the beaches.
Nobody can predict what would happen if we abandon this platform for the next two years since its structural integrity cannot be assured, he said.
“Almost all metals have rusted and could result in catastrophe.”
The drilling installation, according to Dr. Baah-Nuakoh, will be removed, taken to the beach, and recycled or sold as scrap to help the catchment villages grow.
He gave the assurance that all safety precautions were being properly adhered to prevent any disaster, including spilling.
“The goal is to prevent any hazardous waste from ending up in the ocean. In the unusual event that an incident does occur, the Corporation has established a strong emergency response strategy that meets international standards, he said.
“What we hope to do is return the land to its fishing-related economic level and ideally reassign it so we can see if we can locate oil there since history shows there is oil there,”
Dr. Baah-Nuakoh issued a 500-meter minimum distance warning to fishermen and announced that the navy will be sent out to execute the order during the decommissioning procedure.
He pointed out that the transfer of knowledge and technology so that future decommissioning would be carried out by Ghanaians was guaranteed as part of the decommissioning deal with the contractor.

He thanked Parliament for their ongoing assistance during the exercise.

To gain the support and buy-in of all stakeholders in the impacted catchment villages, Madam Patience Lartey, Deputy Manager, Social Performance and Local Content Sustainability and Stakeholder Relations, GNPC, said that several meetings had been held with all of them.

The Chief of Kuntu, Nana Kwesi Brevo III, urged the GNPC to offer the community some development projects as recompense for hosting the oil field since its commencement.

Back to top button