GNPC to award 1000 scholarships to students

Justina Paaga, GNA

Takoradi,  July 7, GNA – The Chief Executive Officer of
Ghana National Petroleum Corporation (GNPC) , 
Dr Kofi  Koduah Sarpong,  has announced 
that  the corporation would  this 
year award a total of 1000 scholarships to students in the country .

He said the
scholarship would cover areas in the sciences, technology, engineering, and
mathematics education.

Dr Sarpong said this
at a colourful Durbar after President Akufo-Addo turned on the valves on the
floating production, storage and offloading vessel FPSO John Agyekum Kufour to
commence the formal production of oil and gas in commercial quantities from the
Sankofa oil and gas fields in the Cape Three


Mr Sarpong said the
corporation would also invest significant resources to minimize the impact of
oil and gas operation on the environment.

He said GNPC would
improve upon the social conditions of Ghanaians under the environmental and
social amenities pillar where borehole would be provided in deprived
communities across the country especially in the three Northern Regions.

The CEO said
investment under the empowerment pillar would focus on target interventions to
enable persons affected by oil and gas activities to serve suitable livelihood,
adding “inhabitants in the Western Region and the Voltarian Basin would be
provided support for their key economic activities”.

Dr Sarpong said GNPC
would liaise with identifiable development oriented organizations and partners
to assist farmers and fishermen in these areas to have access to inputs,
market, credit facilities, advisory and value addition.

He said the
Corporation was working to realize the President’s vision of seeing increased
impact of oil operation  in the Western
Region and that  the relocation of the
operational activities of the corporation has commenced ,adding that the GNPC
Foundation would start operation  in
Sekondi Takoradi  next  month.

The CEO said there
was great potentials to produce more gas and Oil from Sankofa Fields, stressing
that the production of more gas should lead to cheaper price of the product,
which should translate into cheaper electricity and set the stage for the
promotion of petrochemical industry in the country. 

Dr Sarpong said GNPC
has positioned itself to venture into the production of fertilizer, ethanol and
other petrochemical products once more gas was produced and they invited
private investors to join hands with the GNPC.

He hinted that the
GNPC was launching an “Operation Find oil in the Voltarian Basin”
adding that the next 18 months would see more exploration in the quest to
discover hydrocarbons.

Dr Sarpong commended
the partners, ENI and Vitol for completing the project three months ahead of
schedule and under budget and gave the assurance that the GNPC would continue
to work with them.

For his part, the
Western Regional Minister Dr. Kwaku Afriyie, expressed joy with the
commissioning of the Sankofa Fields, which brings to three successions of oil
fields in the Region, which he said apart from creating jobs had also resulted
in the provision of massive infrastructure and industries in the region.

He said the people
of the Region would work hard to sustain the oil fields by ensuring peace and

Dr Afriyie said the
Region contributes about 50 per cent of the country’s GDP, adding, the Region
was endowed with natural resources including gold, bauxite, rubber and now oil
and gas.

Present at the
colourful ceremony was the former President John Agyekum Kufour, Mr Freddie
Blay, Acting Chairman of the New Patriotic Party (NPP), Western Regional
Council of State member, and Chiefs from all the 22 paramouncies  in Region 
as well as security officers, NPP supporters and a across section of
pubic .

The Offshore Cape
Three Points (OCTP) integrated oil and gas development is made up of the
Sankofa main, Sankofa East and Gye-Nyame Fields, which are located about 60
kilometres off Western Region coast.

The Sankofa fields
would produce a total of 45.000 BOPD of oil and 170 MMSCFD through 19 wells.


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