GE Lands $850m Ghana Order

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GE Lands $850m Ghana Order

GE has secured an $850 million deal across its oil & gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana.

According to GE, this order incorporates both turbomachinery and subsea elements, with the first shipment planned for Q4 2015. Further shipments are planned in order to deliver first oil by 2017.

The Turbomachinery Solutions scope, consisting of three LM2500+G4 Gas Turbines for Power Generation and four Centrifugal Compressors Electric Motor Driven, will be delivered solely by GE. Engineering will utilize multiple areas of the company’s expertise, across its Italian (Florence and Massa) and French (Le Creusot) operations. The four Electric Motors suitable for a floating, production, storage and offloading vessel (FPSO) together with three Electric Generators for Gas Turbines will be delivered to GE Oil & Gas by GE Power Conversion.

The subsea production system will be delivered by a consortium between GE Oil & Gas and Oceaneering and includes the Subsea Production and Control System (SPS) and umbilicals engineering, as well as project management, fabrication, transport and testing.

“This order draws on the full range of GE expertise” said Lorenzo Simonelli, President & Chief Executive Officer, GE Oil & Gas. “It shows the value of our broad technology scope, cutting across two of our business units and leveraging the GE store to deliver innovative, economic solutions for our customers. In addition, it shows the importance of our commitment to local partnership and capacity building in order to deliver the most effective and efficient solutions for our customers. We are committed to partnering with Ghana to help support and build critical skills and infrastructure development for the country’s future growth.”

In order to deliver asset management services to the Offshore Cape Three Points development, it has also established a Joint Venture with an indigenous company. Alongside this, it is funding the development of a local capacity and skills development programme, with the Ghana National Petroleum Corporation and Ashesi University. These investments will help GE grow its employee count in Ghana by 65% and support the training and development of Ghanaian oil and gas professionals over the next few years.

The subsea scope of the order was booked directly with Eni Ghana and its Partners Vitol and GNPC. The Turbomachinery scope has been awarded by Yinson Production (West Africa) Pte Ltd, which is the company selected by Eni and its Partners Vitol and GNPC for the FPSO vessel.

The OCTP block is located in offshore Ghana at a water depth of 500-1100 meters, 60km from the coast. Eni’s partners on the block are Vitol Upstream Ghana Limited (35.556%) and the Ghana National Petroleum Corporation (GNPC) (20%).

Source: Sub Sea World News

More info: http://tinyurl.com/phll6o4

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.