Trinidad and Tobago, Ghana to partner for Jubilee development
Trinidad and Tobago’s National Gas Co. Ltd. (NGC) was selected as Ghana National Petroleum Corp.’s joint venture partner to develop and implement a project to transport, process, and distribute natural gas from Ghana’s Jubilee field.
PORT OF SPAIN, Mar. 18 -- Trinidad and Tobago’s National Gas Co. Ltd. (NGC) was selected as Ghana National Petroleum Corp.’s joint venture partner to develop and implement a project to transport, process, and distribute natural gas from Ghana’s Jubilee field.
On Mar. 9, Ghana officially advised Trinidad and Tobago that NGC has been selected in its competitive bid to develop the midstream facilities for Ghana’s Jubilee field.
Jubilee field started oil production in December 2010 and is expected to attain a production rate of 120,000 b/d as new wells are completed.
There is an estimated 800 bcf of associated gas from this field, which is rich in heavy hydrocarbons that can be gathered, processed, and delivered to a market where there is a strong existing demand for natural gas liquids and natural gas for electricity generation.
Additional appraisal work continues and in recent months there have been several announcements of additional hydrocarbon discoveries that indicate an optimistic future for higher oil and gas production from this deepwater area in the Gulf of Guinea.
Trinidad and Tobago’s Minister of Energy and Energy Affairs Carolyn Seepersad-Bachan said based on the capabilities of NGC and those of NGC’s affiliated company Phoenix Park Gas Processors Ltd.’s, the project is a good strategic fit for future expansion and growth of the company and local energy sector.
“NGC is breaking new ground as it is the first state company to be extending its services and expertise beyond Trinidad and Tobago,” she said, adding, “NGC’s participation in Ghana will also serve to create a transnational model for midstream and energy services development that can be used anywhere in the world as we expand our energy services sector.”
She said, “In addition, NGC will be seeking to develop a Point Lisas-type model for Ghana and also further opportunities for Trinidad and Tobago’s participation in Ghana and in emerging gas producing countries around the world.”
Point Lisas estate is the site of most of the country’s petrochemical plants. Trinidad and Tobago is the largest exporter of ammonia and methanol in the world from a single site and the dominant player in the US fertilizer market.