Oil and Gas

The Jubilee Field, Ghana’s first oil discovery in commercial quantities, with an estimated field reserve of up to 1 billion barrels, went into production on 15 December 2010. Several larger oil and gas fields will likely come into production in the next 5 years. Further exploration continues and opportunities exist in virtually every sector of the petroleum industry, both upstream and downstream. Opportunities also exist in the development of the port town of Takoradi, the logistical centre for oil and gas industry, which is striving to become a regional hub for the sector.

Upstream Sector:

In the upstream sub-sector, the Ghana National Petroleum Corporation (GNPC) is the key institution, in charge of the exploration, development and production of oil and gas, that is collaborating with private investors to prospect for crude oil and gas within Ghana’s territorial boundaries.

• Geophysical (Site surveys, seismic data acquisition, processing and interpretation)

• Basin modelling

• Geological Studies

• Biostratigraphy Sequence Stratigraphy

• Sedimentology

• Geochemistry

• Geochemical Studies

• Geographical Studies

• Equipment supply and/ or leasing (boats, barges, aircrafts, etc)

• Supply of casings for boreholes

Drilling Products and Services:

• Land Drilling Rigs, Swamp Drilling Rigs, Petroleum Engineering & Consultancy Services

• Offshore Drilling Rigs (jack-ups, semi- submersible rigs, submersible rigs etc.)

• Offshore Rig Towing Services, Rig Move/Positioning Services

• Drilling Mud, Chemicals & Mud Logging Services

• Drilling Site Preparation, Well Control & Blow-out Prevention

• Under-water Inspection, Sand Control, Fish & Fishing Tools

• Dry-dock facilities for offshore supply vessels, tugboats, & offshore rigs

• Measurement While Drilling (MWD) & Logging While Drilling (LWD) Services

• Casing & High-Pressure Pumping, Tubing Services, Tools & Cased-Hole Electrical Logging

• Directional Drilling & Survey as well as Drilling & Work over

• Surface & Bottom Hole Sampling & Tubing Conveyed Perforation (TCP)

• Fluid Filtration, Solid Control and Laboratory & Pilling Services as well as PVT Analysis

• Mechanical Wireline Services; and Petrophysical and Reservoir Data Services

• Coil Tubing & Electrical Line and Production Logging

• Oil Field Waste Management, Jetty and Shore Support Services and Rig-less Workover Services

• Well Production Testing, Wellhead Maintenance & Well Completion Services

• Supply of drilling materials and equipment (drill bits, drill pipes, drill collars, cone bits etc.)

Production Support Services:

• Wireline Services & Pipeline Laying/ Inspection

• Chemical Supplies Production & Management

• Engineering Design, Procurement/Construction of production facilities

• Corrosion Engineering & Environmental Engineering Services

• Blow Out Central Services & Flow Line Construction

• Oil Expansion Terminal Design and Construction & Crude Oil Lifting

• Fire Fighting System Design and Installation & 2/3 Phase Meter Supplies

• Supply & Maintenance of Safety Equipment

• Gas Valve Supplies & Installation

Reservoir Engineering:

• Consultancy Services

• Simulation

• Economic Analysis

• Complete Field Study

Downstream Sector

In the downstream segment, the Tema Oil Refinery, which operates Ghana’s only petroleum refinery with a processing capacity of about 45,000 barrels of crude oil per stream day, produces gasoline, kerosene, diesel oil, pre-mix fuel, aviation fuel and liquefied petroleum gas (LPG), among others. Tema Lube Oil Company produces assorted lubricants and special oils on behalf of the 17 licensed Oil Marketing Companies (OMCs) in Ghana. Opportunities within the segments are related to the refining, storage, marketing, distribution and transport of petroleum products.

Gas Sector Opportunities

The government completed the Atuabo gas processing plant that will process the natural gas from the jubilee oil and gas field in December 2014. The petrochemical industrial park houses the gas processing plant and ancillary industries and is located 100km West of Takoradi. Opportunities available in this sector include:

• Production, transmission, distribution of Natural Gas –independent ownership

• Natural Gas Liquids (NGLs) – these liquids have high market value and find application either in their raw state as solvents, feed stock (for production of various chemicals) and liquid fuel or fractionated into their components, viz.: LPG, Natural Gasoline etc

• Natural Gas-Fired Equipment

• Independent Power Plant (IPP)

• Industrial market, commercial market and residential market

• Domestic natural gas sales and distribution

• Compressed natural gas (CNG), automotive fuel, Gas Liquids (NGL), Gas to Liquid Conversion (GTL), Methanol etc

• Ammonia/fertilizer plants