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Oando to develop gas infrastructure

  • SOURCE: | qwesa2big
  • Oando, an oil marketing company (OMC) has said it is committed to partnering with the Ghanaian Government and the Ghana National Petroleum Corporation (GNPC) in developing its energy infrastructure.

    In a statement issued last week, the company described as false claims that it had not been selected to develop Ghana’s gas infrastructure.

    "We state unequivocally that this assertion is false as Oando-SAIPEM consortium was duly selected by GNPC as a strategic partner to jointly develop the gas infrastructure project.

    This selection was communicated to us via a letter dated 1st September, 2009 and signed by Mr Thomas Manu, Director of Operations on behalf of the Managing Director of GNPC," Oando said in a statement made available to the Ghana News Agency on Sunday.

    As is typical with a development of this scale, we are currently engaging with parties to ensure an appropriate commercial, technical and transaction structure that best delivers the anticipated value of the investment.”

    Mr Bolaji Osunsanya, Chief Executive Officer, Oando Gas & Power, said: "With in-house capacity developed over the years; partnerships with world class technical and financial organisations; and our strict respect for the sanctity of contracts; we are in a good position to undertake the Jubilee Field Gas Infrastructure development.

    Our ability to undertake projects of this magnitude has never been in doubt. Together with our partners, we are currently on the Nigerian Gas Master Plan final shortlist of bidders for the development of the Central Processing Facilities and Strategic Gas Transmission Pipelines.

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