News dalla rete ITA

31 Gennaio 2022

Senegal - Ghana - Nigeria


Over the course of 2022-2023, west African countries are aiming to consolidate a post-COVID-19 economic recovery on the back of stronger energy prices and increasing flows of Foreign Direct Investment. There are significant projects taking place in west Africa in established oil and gas producing markets such as Ghana and Nigeria, as well as emerging producers from the MSGBC Basin.DANGOTE PETROLEUM REFINERY – LAGOS, NIGERIANigeria has long been a heavyweight in sub-Saharan Africa’s oil and gas sector but the country’s vast economic potential has not been fully exploited due to insufficient infrastructure upgrades in recent years. This is now changing thanks to the Dangote Oil Refinery.The landmark $14 billion refinery project is set to become one the world’s largest single oil refineries. Located in the Lekki Free Zone near Nigeria’s commercial hub in Lagos it is a 650,000 barrels per day (bpd) integrated refinery project – considered Africa’s biggest oil refinery to date and the world’s largest single-train facility. The pipeline infrastructure involves 1,100km that will be able to handle three billion standard cubic feet of gas per day..MAMBILLA POWER PLANT – KAKARA VILLAGE, NIGERIAConstructed by a Chinese consortium led by the Gzhouba Group, Nigeria’s largest power plant – the Mambilla Power Plant – is expected to be completed in 2030. Expected to produce approximately 3,050MW of power, the $6 billion project, located on the Dongo River will comprise four dams and two underground power stations with 12 turbine generators. Upon completion, the project will help power 700km of transmission lines across Nigeria, doubling the country’s total electric power production capacity.The lack of a reliable electrical supply grid has and continues to hinder the rapid development of Nigeria’s industrial sector. Once the Mambilla Power Plant is connected to the national grid, it will boost capacity by 80%.MARINE DRIVE PROJECT – ACCRA, GHANAOver the past decade, Ghana has become an increasingly important player in west-Africa’s oil and gas sector thanks to a number of large-scale offshore oil and gas discoveries such as the Jubilee field. But other sectors such as tourism and infrastructure are also supporting the growth of the Ghanaian economy. Notably, the Marine Drive Project, a $1.2 billion infrastructure project funded by the World Bank, comprises a 240-acre resort with facilities such as hotels, shopping malls, casinos, water parks, and conference and exhibition centers.LEKKI DEEPSEA PORT – LAGOS, NIGERIAThe Lekki Deep Seaport – which will be the deepest in sub-Saharan Africa – comprises a $1.2 billion infrastructure project currently underway in the Ibeju-Lekki axis of Lagos State, Nigeria. Representing one of the single largest projects of its kind being undertaken to date in west Africa, the project comprises a multi-purpose deep seaport.Located at the very heart of the Lagos Free Trade Zone, the multipurpose port aims to increase Nigeria´s commercial operations across West Africa and boost the country’s global trading potential. Set to become one of the most modern ports in the region, the port is designed to handle four million metric tons of dry goods per annum; expected to generate an estimated revenue of $361 billion; and create up to 170,000 new jobs. It is due to be completed over the course of 2022.GRAND TORTUE AHMEYIM – OFFSHORE WATERS OF SENEGAL AND MAURITANIAAnother important large-scale project in west Africa is the Grand Tortue Ahmeyim, (GTA) project, one of the most important Liquefied Natural Gas (LNG) projects currently underway in the region. Thanks to large-scale offshore gas reserves located between the two countries, Mauritania and Senegal are positioning themselves as two of west Africa’s newest natural gas producers. The massive GTA LNG project is the deepest offshore LNG project in sub-Saharan Africa, and is set to unlock approximately 15 trillion cubic feet of gas. Jointly developed by BP, Kosmos Energy, Société des Pétroles du Senegal (Petrosen), and Société Mauritanienne des Hydrocarbures (SMHPM), BP is the operator of the project.Critical insight regarding this project was provided by regional leaders and global majors at the first edition of the MSGBC Oil, Gas & Power conference in Dakar, Senegal in 2021. With the second edition of MSGBC, Oil, Gas & Power scheduled to take place over the course of 2022, further insight, critical updates, and new opportunities will be provided. (ICE ACCRA)

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