Lloyd’s Register has formed a joint venture with GOSCO to provide well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of the Republic of Ghana.
The aim of the joint venture company, known as ‘Lloyd’s Register Wells Ghana Limited’, is to make available world-class engineering and operations, risk management and performance solutions to support operators deliver safe, cost-effective and compliant E&P activity.
Matt Rothnie, vice-president for the Wells business at Lloyd’s Register, said: “We have joined forces with GOSCO to set up this joint venture as a response to growing industry interest in Ghana’s oil and gas potential along with the requirement to build capability in the Ghanaian E&P sector.
“We believe this joint venture will create good long-term opportunities for Ghana’s E&P industry as we look to collectively achieve the highest levels of safety and performance providing the very latest ‘know-how’ and application of technology for well operations.”
The new joint venture will be an indigenous Ghanaian company and based in Accra.
Michael Amoah, CFO of GOSCO added: “We are very pleased to have formed our joint venture with Lloyds Register; we see real opportunities in key aspects of the upstream value chain for joint ventures which bring together the operational experience of Ghanaian companies with the niche high quality skills of an international partner.”
Scottish Development International, the Scottish government’s international arm, helped Lloyd’s Register in the joint venture development.