GHANA 2022 - cloudfront.net

GHANA 2022

www.theenergyyear.com 9 7 8 1 7 8 3 0 2 2 3 9 7

ISBN 978-1-78302-239-7

Building energy self-suff iciencyDr. Matthew Opoku PREMPEHMinister of Energy

Leveraging Ghana’s gas potentialBen ASANTECEOGHANA NATIONAL GAS COMPANY

World-class facilitiesCharles ADDO CEOMERIDIAN GROUP OF COMPANIES

Information is powerTHE ENERGY YEAR

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THE ENERGY YEAR • CONTENTS4

In partnership with:

Ghana 2022 CONTENTS

Infographic: Ghana’s energy mix

GNPC’s push for upstream self-reliance

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34

The Year’s Awards: Ghana 2022

Dr. Matthew Opoku Prempeh took over the Ministry of Energy in March 2021 with the aim of spurring a paradigm shift in the way Ghana’s public institutions manage interactions with the private sector.

The Year in Review

Ministry of Energy: Dr. Matthew Opoku Prempeh ..........................................................11The Year’s Awards ............................................................................................................................... 14Ghana at a Glance ............................................................................................................................... 16Ghana’s Energy Mix ........................................................................................................................... 18

Policy & Regulation

Priorities for reform ..........................................................................................................21National Petroleum Authority: Mustapha Abdul-Hamid ..........................................22Petroleum Commission: Egbert Faibille Jnr. ........................................................................25

14

Dr. Matthew Opoku PrempehPERSON OF THE YEAR GNPC is scaling up eff orts to rehabilitate the

country’s hydrocarbons industry to seize the last opportunities as the worldwide trend to transition away from energy production through fossil fuels continues.



Infographic: Institutional setup and political drivers of Ghana’s energy sector value chain ..................................................................... 27Ghana Investment Promotion Centre: R. Yofi Grant ........................................... 28Association of Oil Marketing Companies: Kwaku Agyemang-Duah ......30Universal Motors: Subhi Accad ..........................................................................................30Ghana Oil and Gas Service Providers Association:Nuertey Adzeman ...........................................................................................................................31

Exploration & Production

E&P self-suffi ciency ................................................................................................... 33GNPC’s push for upstream self-reliance ............................................................ 34Tullow Oil Ghana: Wissam Al Monthiry ......................................................................... 36Ghana Upstream Petroleum Chamber: David Ampofo ................................... 38Pullout map: Licence areas .................................................................................... 39Ghana’s gas jump ......................................................................................................40

The Year’s Focus: Oil & Gas Infrastructure

A new era for energy infrastructure .................................................................... 43Ghana National Gas Company: Ben Asante ............................................................. 46Infographic: Ghana’s gas infrastructure dynamics .......................................48Meridian Group of Companies: Charles Addo, William Mould,

Muhammad Zaman ......................................................................................................................50Harlequin Oil and Gas: Frederick Hesse-Tetteh.........................................................52West African Gas Pipeline Company: Greg Germani ..........................................55Interplast: Hayssam Fakhry .................................................................................................... 56Capitol Engineering: Robert Osei ..................................................................................... 58Blueprint Engineering: King Taylor ..................................................................................60Petroleum Hub Development Corporation: Charles Owusu ....................... 62The petroleum hub moves forward ....................................................................64Infographic: Ghana’s Petroleum Hub Master Plan ........................................66Ibistek: Felix Nana Sackey .........................................................................................................67Bulk Oil Storage and Transportation Company: Edwin Provencal ..........68Sienna Services: Boaz Lavi ..................................................................................................... 69

Banking, Finance & Consulting

Positive prospects.......................................................................................................71Republic Bank: Farid Antar ......................................................................................................72Ashong Benjamin & Associates: David Addo-Ashong .......................................75PwC Ghana: George Arhin .......................................................................................................76KEK Insurance Brokers: Shaibu Ali ....................................................................................78SpotOn Insurance Brokers: Charles Oduro .................................................................79Zormelo & Associates: Douglas Zormelo .....................................................................79

Ghana’s gas jumpThe country’s leap towards becoming a gas-fuelled economy is key for its energy security and its transition towards renewable energy.

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Infographic: Institutional setup and political drivers of Ghana’s energy sector value chain

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Engineering & Construction

Steady demand .......................................................................................................... 81Memot Company: Abdallah Aschkar............................................................................... 82Belmet 7: Nana Incoom ............................................................................................................84Orsam Oil & Gas: Kofi Nyame-Mensah ........................................................................... 85BOHA Engineering: Linda Assibi Awuni ........................................................................86De Simone Group: Federico De Simone ........................................................................87Seaweld Engineering: Alfred Fafali Adagbedu ..........................................................87

Downstream

A diverse and dynamic sector ...............................................................................89Star Oil Company: Philip Tieku ............................................................................................90Lemla Group: Richard Atikpo ................................................................................................ 92Cirrus Oil Services: Ivy Apea Owusu ............................................................................... 93PETROSOL Ghana: Michael Bozumbil ............................................................................ 94Ghana Chamber of Bulk Oil Distributors: Senyo Hosi ...................................... 95Trinity Oil Company: Gabby Kumi .................................................................................... 95Gaso Petroleum: Isaac Asante ............................................................................................. 95Manbah Gas: Hasford MacAnthony .................................................................................. 95ZEN Petroleum: William Tewiah .......................................................................................... 96Chase Petroleum: Kingsley Sarpong ................................................................................97

Power

A powerful expansion ..............................................................................................99NEDCo: Osmani Ayuba ...........................................................................................................100The journey to a viable power sector .............................................................. 103Bui Power Authority: Samuel Kofi Dzamesi ............................................................104Infographic: Bui hydro-solar hybrid project ................................................. 106Ghana Grid Company: Ing. Ebenezer Kofi Essienyi ............................................. 107Map: Ghana’s transmission system ................................................................. 108Electric Company of Ghana: Kwame Agyeman-Budu .....................................109Dutch & Co: Herbert Friese .................................................................................................. 110Infographic: Ghana’s PV potential .................................................................... 111From take-or-pay to take-and-pay: George Arhin ......................................112Bentry Company: Yaw Abebrese Kankam .................................................................114Infographic: Existing and planned power plant capacities......................115Automation Ghana Group: Kweku Asmah ..............................................................116Meinergy Technology Company: Kevin Wu ........................................................... 117Destra Energy Group: Frema Osei Afriyie .................................................................. 117Hasman Technical Services: William Wood .............................................................118Alpha TND: Pankaj Bhati .........................................................................................................119

A new era for energy infrastructureAs production of hydrocarbons ramps up, Ghana needs to invest in midstream and downstream infrastructure to secure its own energy security and foster a gas-fuelled economy.

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Map: Licence areas

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Wissam AL MONTHIRYManaging Director

TULLOW OIL GHANA

36Marine & Logistics

A new era of regional trade .................................................................................121Zodiac Marine Services: Joseph Amuzu ....................................................................122Aquatec Marine and Diving Services: Bob Millikin .......................................... 124Ghana Ports and Harbours Authority: Michael Achagwe Luguje .......... 126Sealand Africa Group: Frank Tony Eshun ...................................................................127Comexas Energy: Sophie Engrand .................................................................................127BAJ Freight and Logistics: Joe Biney ........................................................................... 128Destra Energy Group: Frema Osei Afriyie ................................................................. 129SEF Energy Group: Edward Ofori .................................................................................... 129

Associated Services

New capacities..........................................................................................................131B5 Plus: Mukesh Thakwani ....................................................................................................132Fitzgerald-Bassey: Alvin Mingle, Kwabena Peprah ............................................. 134Amaja Tubular Services: Yaw Owusu .......................................................................... 136ChemSolv Limited: Edward Osei-Barnieh ..................................................................137Freddie Jordan Oil Company: Gladstone Nyakutse .......................................... 138Connexus Energy: Kwabena Aforo-Addo ................................................................. 138Danest Engineering Company: Daniel Kwarkyi................................................... 138PassionAir: Edward Annan .................................................................................................. 139Gecric Integrity: Gilbert Asase ..........................................................................................140Ankor Maintenance & Inspection: Franklin Brew ...............................................141Sea Marine Services: Kwame Phillips ...........................................................................141Mansa Holdings George Owusu ......................................................................................141GMEA Group: Charles Laba ................................................................................................. 142Bidi Group: Benjamin Armstrong .................................................................................... 143Bluezone Global: George Ohemeng Danso ............................................................ 143PHI Century: Essie Anno Sackey ....................................................................................... 143

Executive Guide

ACCOMMODATION .................................................................................................................145EVENTS .............................................................................................................................................156ACKNOWLEDGEMENTS .......................................................................................................158ADVERTISERS INDEX ..............................................................................................................158IN BRIEF ........................................................................................................................................... 160

Map: Ghana’s transmission system

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Cover photograph courtesy of: Eni

Mustapha ABDUL-HAMID CEO

NATIONAL PETROLEUM AUTHORITY

22


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The Yearin Review11 Building energy self-suff iciency Dr. Matthew Opoku PREMPEH Minister of Energy

14 The Year’s Awards

16 Ghana at a Glance


What is Ghana’s strategy to become self-suffi cient in the exploration and pro-duction of hydrocarbons?Since the discovery of commercial quantities of oil in Ghana, the government has tried to expand Ghanaians’ participation in the oil industry, in both the upstream and down-stream sectors. There’s been a huge agenda on capacity building for Ghanaians, includ-ing localisation of contracts and subcon-tracts, where local contractors participate in various fi elds. It’s not just about IOCs coming in to explore and produce.

In 2015, GNPC Explorco was set up as a fully Ghanaian exploration and production company, as a division of GNPC. However, it wasn’t taken seriously because of the cost involved in the exploration, as in Ghana the risk is 100% borne by the company doing the exploration. Exploration is very expensive, so we haven’t been able to make any forays into

that. In 2019, GNPC was given a concession area to explore to support Ghana’s ambition, but then the eff ects of Covid-19 and the en-ergy transition delayed any development.

How is the developed world’s push for an energy transition at odds with the African context?During the pandemic, the energy transi-tion became an even bigger issue globally. There’s a confl uence of technology issues and a huge shift to clean energy. Environ-mentalists, CSOs and NGOs started putting pressure on banks and fi nancial institutions to not lend to fossil fuel projects. There’s huge pressure on IOCs not to invest in new fi elds. Some have even declared that they won’t undertake any new exploration.

Africa has contributed less than 3% to the causative issues of climate change. We have the worst energy access, and the tech-nology gap between East and West is huge. We understand the climate change issue and we want to participate in addressing it, but we should be allowed to exploit our natu-ral resources for energy access. In Africa, we want access to the resources and technolo-gy to transition without being left behind.

If we don’t have all the traditional fi nancing institutions, Ghana needs to be able to be self-suffi cient.

So what will happen to African coun-tries? Some countries don’t have the money or the technological know-how to indulge in exploration or develop alternative clean en-ergy. In the end, there will be a lot of strand-ed natural resources.

How can African nations collaborate to end energy poverty throughout the continent?Africa is massive and we are discovering oil and gas in signifi cant quantities. These are our assets and we need to look at developing them very carefully. We need to work togeth-er in unison to create a platform. The African Petroleum Producers’ Organisation has been set up so that our voice will be heard clearly.

We don’t want carbon released into the atmosphere, and there are carbon capture technologies that we can all deploy to ame-liorate some of these hardships in pover-ty-stricken nations. With such technologies, they can utilise their natural resources with-out necessarily hurting the atmosphere. We certainly don’t want the developing world contributing to climate change. So, together

Dr. Matthew Opoku PREMPEHMinister of Energy

11 THE ENERGY YEAR • THE YEAR IN REVIEW

Building energy self-suff iciency The Energy Year talks to Minister of Energy Dr. Matthew Opoku Prempeh about Ghana’s strategy to become self-suff icient in exploration and production, why the energy transition needs to be understood in an African context and how the government is ensuring a multi-sourced, reliable supply of natural gas to promote clean energy access and industrialisation.

Ghana’s installed power generation capacity:

More than 5.2 GW

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with the West, we have to work together to transfer technology that we can deploy.

What role will natural gas play in Ghana’s commitment to clean energy generation?Ghana is seeking to exploit its natural re-sources and use current technology to drive clean energy. This is where gas comes in. We don’t have the funds to embark on a clean energy transition. We will increasingly invest in clean and renewable energy by exploiting our gas resources to support that transition. Gas is at the nexus of clean energy and fos-sil fuels. We are working to use gas to push our agenda in clean energy. In Ghana, most of our power generating stations are now fed by gas, but they are dual fuel – some are even tri-fuel. If we have a problem with the supply of gas, we must still be able to pro-duce power for the country.

What are the key issues to tackle in order for gas to be a catalyst for industrialisation?We want the gas in our fi elds to be mone-tised, but that depends on two things: policy and infrastructure. We have to make critical investments in gas infrastructure, such as the network of pipelines, compressor stations, receiving facilities and the whole network supplying gas everywhere, even CNG in pet-rol stations.

We have identifi ed several sectors of the economy where we need to use and lever-age our gas as aff ordable energy to boost economic growth and industrialisation. Gas will be essential for industries such as ce-ment, manganese, steel, bauxite, aluminium and plastic to add value in-country. But fi rst, we need gas as a feedstock for energy pro-duction. We must have that before getting into the fertiliser industry and providing am-monium urea and phosphates.

If we want to achieve socioeconomic development, we will need to off er a diff er-ential gas tariff for these industries to allow them to develop. We must ensure that our gas is not fl ared in the fi elds, but is sent to these industries.

Why is Ghana developing the infrastruc-ture to import LNG while at the same time promoting natural gas production?If we want to secure the availability of gas, we have to bring in competition. Competition that is well regulated has always been good for the consumer. Gas suff ers a unique prob-lem in that it has to go through pipelines. Ghana’s source comes from the country’s west. We’ve had three national blackouts during 2021 because of a compressor fault in the Atuabo gas processing plant. Even if gas-powered generation plants can also run on fuel, it takes around 12-24 hours to switch. So as the entire country’s gas comes from the west, if there’s a problem with the At-uabo plant, we end up with a country-wide power outage.

That’s why the government encouraged the development of the Tema LNG import terminal. GNPC receives all the gas from our oilfi elds. We want our NOC to be the off tak-er of all types of gas so that the country has

access to both very aff ordable gas and also more higher-priced gas sources, such as LNG. This strategy can give us a weighted av-erage, which is acceptable for the economy, but more importantly, a diversifi ed stream of gas supplies that will ensure the system’s reliability.

How is the nation ensuring multi-sourced, reliable supplies of natural gas?We need multiple sources of gas coming into a well-regulated, open infrastructure. We need a transparent tariff to ensure that we don’t end up at the mercy of a force majeure catastrophe.

We’ve ensured that the West African Gas Pipeline has open access guidelines. It was originally meant for gas to be imported from Nigeria. Now that our own fi elds in the west are producing gas, we are sending gas through the Atuabo gas plant into the West African Gas Pipeline through the intercon-nection valve made functional through the Takoradi-Tema Interconnection Project. Even if the Nigerians didn’t supply gas for 10 years, the gas could still be supplied and devel-oped through force majeure.

What are Ghana’s goals in terms of renew-able power generation?We should improve our energy access in line with the sustainable development goal of universal access. We want a 100% electrifi ca-tion rate because we’ve seen the transforma-tive eff ect of energy on job creation, industri-alisation and socioeconomic development.

We are moving towards clean energy. Within Ghana’s federal sustainable devel-opment goals, by 2030 we will have devot-ed at least 10% of our energy mix to renew-able energy.

We have an abundance of sunlight, but this doesn’t mean we can deploy utility-scale solar, as Ghana is in a forested area. We can-not cut down our trees to create solar farms. Instead, we plan for our big hydro assets to


“Ghana is seeking to exploit its natural

resources and use current technology to

drive clean energy.”

Bui Power’s 50-MW solar plant attached to the company’s hydropower complex on the


become multi-purpose. We want to develop large-scale solar farms on the dam lake sur-faces, as we’ve done at the Bui Dam. Another large hydro asset in progress is the Pwalugu Multi-Purpose Dam, where we have irriga-tion for food security, as well as clean energy in the form of solar and hydro.

In order to evacuate the power, we need power transmission assets. However, these are not easily available across the country. So, we are implementing 20-MW solar pow-er plants in remote communities where it doesn’t make economic sense to string wires across 400 kilometres. There, we’re providing off -grid solutions, like solar farms with bat-tery backups.

During 2021, PURC [Public Utilities Reg-ulatory Commission] has been developing a reverse metering tariff as part of our tariff rationalisation agenda. We will implement the regulation to ensure that if you put a dis-tributing solar panel on a public building and there’s excess solar, you can sell it to the grid. We want to put solar on public buildings, schools and other assets.

What vision drove the creation of the Pe-troleum Hub Development Corporation?We have 22,000 acres [89 square kilome-tres] in the western fringes of the coun-try dedicated for petroleum and allied

industries to help develop the economy and the private sector. We are encouraging the private sector to come into this USD 60-billion industrial complex.

Our plan is to incentivise the private sector by providing access to investment, along with tax breaks and other incentives that the government can provide for it to feel encouraged to come, invest and ex-port. This can be handled altogether by the Petroleum Hub Development Corporation as a one-stop-shop to assess the individual. Everything can be provided for companies as per the specifi cations of that company including visas and permits.

How can the nation tackle issues with pow-er purchase agreements (PPAs)?There’s a bottleneck problem. We’ve gone through cycles of energy catastrophes in this country where our supply was not able to meet demand.

The last time this happened, we signed a lot of power purchase agreements. Those PPAs cost us a great deal and we had a lot of problems with access and availability. We have paid between USD 500 million and USD 1 billion in excess capacity charges for energy we never used but have to pay for. That doesn’t happen in a normal market. Because of that, we are fi nding it diffi cult

to pay for our next generation of power generators coming on stream. We need to renegotiate the new contracts where we pay for the energy we use, like they would be anywhere else.

I can say we have been able to achieve success with one or two big generators in the country.

We have an energy demand growing at between 7 and 10% per year, so we have to be able to bring in new generation to meet the demand we anticipate in 2024.

What are the priorities of the tariff rational-isation programme?We want to get into a situation where we buy the energy at cost and develop the busi-ness model behind that. Hypothetically we could say we will pay GHS 0.06-0.09 [USD 0.01-0.015] for a kilowatt generated at a pow-er plant – no more than GHS 0.05 [USD 0.008] per kilowatt generated by solar energy. In this way IPPs would build their business case to supply power to the state within a stable landscape.

We now have power purchase agree-ments that are far lower than the PURC-de-termined price. We have a solar PPA that is GHS 0.36 [USD 0.06] per kilowatt. That’s why we want to move away from these PPAs, as a transparent policy initiative from the govern-ment. The ministry is now starting to receive off ers from companies who want to do that.

We have to understand that there is en-ergy demand in the country, but we have a tariff structure that discourages consump-tion. We have a step-up tariff , so the more you consume, the more you pay. This has led to unaff ordable power bills for big compa-nies. There are some hotels that rely on diesel generators because it’s cheaper for them to deploy diesel than to use grid power.

To address these issues, we’re restruc-turing the tariff system. We will have a simple, transparent tariff for everybody that doesn’t penalise anyone. The step-up tariff is for energy scarcity when you want to conserve, not when you have a suffi cient installed generation capacity of 5,200 MW. By comparison, the highest national peak demand now is 3,200 MW. So, we have a huge installed capacity, making the step-up tariff unnecessary.

Is Ghana planning to revamp its local con-tent policy?We have a committee formed from all the industry stakeholders that is coming up with a new local content law. This will support Ghanaians taking an interest in participating in our petroleum sector from upstream to downstream.


“We need multiple sources of gas coming into a well-regulated, open infrastructure.”

Black Volta River


THE YEAR’S AWARDS

Dr. Matthew Opoku PrempehPERSON OF THE YEAR

Dr. Matthew Opoku Prempeh took over the ministry in March 2021 with the aim of spurring a paradigm shift in the way Ghana’s public institutions manage interactions with the private sector. During his early days in offi ce, Dr. Prempeh launched a revamp of the management of most state-owned enterprises, with a special focus on improving the power sector’s effi ciency and fi nances, while at the same time encouraging GNPC to take an active role in the country’s upstream sector with the fi nal objective of launching the NOC into new block acquisitions and gearing it up to undertake operatorship in the future. Under his forward-looking leadership, Ghana is undertaking an energy transition towards a gas-fuelled economy, positioning the country as a top destination for further investments.

GHANA 2022

THE ENERGY YEAR • THE YEAR IN REVIEW14


THE ENERGY YEAR • THE YEAR IN REVIEW 15

Renewables Project of the Year: Hydro-solar hybrid power generation

Commissioned in November 2020, the Bui Power Authority hydro-solar PV hybrid system has added 50 MW to the Bui hydroelectric dam’s 404 MW of installed generation capacity. This cutting-edge project involves the fi rst fl oating solar plant to be commissioned in West Africa, with a total capacity of 1 MW. The fi nal target is to install a fi nal generation capacity of 250 MW in order to contribute to Ghana’s plan of increasing the renewable energy component in its energy mix to 10% by 2030.

Oil Discovery of the Year: Eni’s Eban 1X discovery

Following its landmark Akoma discovery, Eni announced a signifi cant oil discovery in CTP Block 4 off shore on the Eban exploration prospect in June 2021. Located around 50 kilometres off the coast and nearly 8 kilometres northwest of Sankofa Hub, the Eban-1X was drilled by the Saipem 10,000 drillship and it reached a depth of 4,179 metres. The expected potential of the Eban-Akoma complex is between 500 million and 700 million boe. The discovery has been measured through extensive 3D-seismic datasets and well data acquisition, along with fl uid sampling and pressure measurements. The joint venture of CTP Block 4 is operated by Eni, with partners including Vitol, GNPC, Woodfi elds and GNPC Explorco.

Electrifi cation Project of the Year: Pokuase Bulk Supply Point

In line with President Akufo-Addo’s plan to reach 100% universal access to electricity, the Pokuase Bulk Supply Point (BSP) was inaugurated in October 2021. Located in Pokuase, the BSP is Ghana’s largest power substation and fi fth bulk supply point. The project was carried out under the Ghana Compact II agreement between the USA and Ghana, supervised by the Millennium Development Authority. The Electricity Company of Ghana and the Ghana Grid Company manage the substation, which has a total of 580 MVA of power on site. The Pokuase BSP will greatly improve the quality and reliability of power supply in Nsawam, Legon, Pokuase, Kwabenya and surrounding areas.

Upstream Development of the Year: Tullow’s Jubilee and TEN drilling campaign

Tullow is undertaking a multi-year, multi-well drilling programme to unlock the full potential from the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) fi elds. The Maersk Venturer drillship was contracted to drill four wells in 2021, specifi cally one Jubilee water injector well, one TEN gas injector well and two Jubilee production wells. Tullow expects additional gas reserves of 48.1 bcm (1.7 tcf ) and 2.7 billion barrels of oil from the Greater Jubilee fi eld and TEN fi elds. This campaign is part of Tullow’s 10-year Value Maximization Plan.

Marine Infrastructure Project of the Year: Takoradi Liquid Bulk Terminal

Located in the Takoradi Port in the Western Region, the USD 56-million new Liquid Bulk Terminal is expected to meet more than 50% of Ghana’s domestic petroleum demand. Its fi rst two tank calls took place in July 2021. The terminal has fi ve automated loading arms for petrol, diesel, LPG, heavy fuel and bitumen, while its berthing has a capacity for vessels of up to 50,000 dwt of cargo. The terminal can discharge 10,000 tonnes within 12 hours. It is West Africa’s largest liquid bulk terminal, and the projected cost savings are considerable for every stakeholder involved.

Downstream Project of the Year: Petroleum Hub Development Corporation

Ghana’s petroleum hub development is aimed at creating jobs for Ghanaians and adding value to the country’s natural resources. Located on a 81-square-kilometre plot of land in the Domunli enclave in the Jomoro Municipality in the Western Region, the hub will have a network of infrastructure for the processing of crude oil and natural gas into refi ned petroleum and petrochemical products for the purpose of trading, storage, transportation and distribution, and export. The project is expected to start in Q2 of 2022. The estimated cost for the hub is USD 60 billion and its development will be implemented in three fi ve-year phases. The project will help Ghana to position itself as a key player in petroleum trade within the West African region and beyond.


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