Comprehensive  Ghana Oil and Gas news, information, updates, analysis

News in Brief

PSC Tema Shipyard won’t be transferred to Tullow

  • SOURCE: | qwesa2big
  • fpsoGovernment has denied reports it is transferring the management of PSC Tema Shipyard to Tullow Oil.

    A statement issued by the Information and Media Relations Ministry said Tullow has rather proposed to build components of its second FPSO in the Shipyard.
    Read the statement below

    Management of PSC Tema Shipyard won’t be transferred to Tullow

    The Ministry of Transport has denied a Daily Graphic report of August 06, 2013 that government intends to hand over the management of the PSC Tema
    Shipyard to Tullow Oil Ghana Limited.

    “There is no arrangement with Tullow Oil to take over part of the PSC Shipyard on a build, operate and transfer (BOT) as published by the Daily
    Graphic”, a statement signed by Minister for Transport, Mrs. Dzifa Attivor stated.

    The Ministry explained in the statement that Tullow has rather proposed and
    is in discussions with government to build components of its second FPSO in the Tema PSC Shipyard instead of building these at a foreign facility.

    “Tullow will therefore upgrade the Shipyard to a level necessary for the fabrication of the components. Tullow ill further help with equipment upgrade and technological transfer, but will have nothing doing with the
    management of the Shipyard.

    This decision is informed by the Mahama administration’s insistence on certain local content requirements for companies in our oil sector”, the statement added.

    The Tema PSC Shipyard, which is now a 100% state-¬‐owned facility, is in a
    general state of disrepair and requires some upgrade in both equipment and human resource to meet the standards required for the expected works on
    the FPSO.

    According to Mrs. Attivor, Tullow Oil, per the discussions with government
    has been asked to solely pre-finance the upgrading works at the
    Shipyard to meet the standards of a modern and international ship building

    “The works include the upgrading of infrastructure, plant, machinery and equipment to ensure that the Shipyard is well equipped and capable of handling all jobs, including the works envisaged by Tullow.”

    The Minister for Transport noted that after the upgrading works, Tullow Oil,
    would like any other client apply to the Shipyard for the use of its facilities.

    The Shipyard will therefore continue to be under its own management and not under Tullow, with Tullow treated as a client.

    The statement noted that under the stated agreement to be finalized with Tullow, there would be no costs to government for the upgrading works. Tullow will pay the Shipyard for the use of the facility to build the FPSO,
    out of which the upgrading costs will be subtracted, and above all, “jobs
    would be created and the required expertise needed to handle shipyard work acquire and enhanced through the training exercise.”

    The statement further noted that the discussions with Tullow when finalized
    would help in positioning the Shipyard to meet the growth in the maritime

    Source: Joy Online

    Get the latest news and updates on Ghana’s oil and gas value chain by following us Reporting Oil and Gas on twitter @oilgasghana and like our facebook page and get at us on Google+. Subscribe to our group to get updates.

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes ( with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream

    Partners We are proud to be associated with:

    Skip to toolbar