Penspen wins FEED contract for Ghana pipeline

Penspen has secured a contract to carry out a front end engineering design (FEED) study for further development of the Ghana natural gas interconnected transmission system.

Bulk Oil Storage and Transportation Company (BOST) holds Ghana's Natural Gas Transmission Utility licence and operates the nation's first country-wide gas transmission network.

Ghana is planning to exploit gas as a cost-effective means of strengthening power supply.

"This major investment in the country's energy infrastructure will help boost its economic growth over the next decade."

Under the first phase of the development, about 750km of pipeline will be built from Aboadze to Tema, and from Prestea to Buipe, through Kumasi.

The contract requires Penspen to take part in all areas of the engineering and project management. The company's team in London and Accra will undertake the engineering work over 12 months.

Penspen CEO Peter O'Sullivan said: "We are pleased to have been selected by BOST to provide our engineering expertise for this significant project, which will increase availability and improve accessibility to energy across Ghana."

"This major investment in the country's energy infrastructure will help boost its economic growth over the next decade.

BOST managing director Kwame Awuah-Darko said: "This major development, which is an integral part of our long-term strategic plan, is an important step forward not just for BOST, but for the country - and will serve as a catalyst to help boost economic growth."

BOST was incorporated in December 1993 as a private limited liability company with the Government of Ghana as the sole shareholder.

Until May 2001, BOST was responsible to distribute refined petroleum products from its depots located across the country.

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