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Company News 2017

June 2017 - Alduco Engineering Services a member of NAHSCO participates in 8th Ghana Oil & Gas summit held in Accra between the 22nd – 23rd June 2017 as part of a delegation from Equatorial Guinea.

8th Ghana Oil and Gas summit 2017

A high powered delegation from Equatorial Guinea made up of the Minister of Mines & Hydrocarbons (MMH), His Excellency Gabriela Mbaga Obiang Lima, The Director of GEPETROL the national oil company Antonio Oburu, Centurion Law Firm and the National Association of Hydrocarbons Services Companies (NAHSCO), participated in the 8th Ghana Oil & Gas summit held in Accra between the 22nd – 23rd June 2017.

The Summit presented an unrivalled platform to meet, network and receive updates from the country’s leaders and industry players with the aim to drive Ghana’s oil, gas and power industries forward. The event was ceremonially opened by Hon. Emmanuel Armah-Kofi Buah, Minister of Petroleum. He stated that bold steps have been taken to drive the industry forward and he emphasized Ghana is on its way to prosperity with oil wealth.

The aim of the visit as spelt out by His Excellency The Minister of Mines & Hydrocarbons, Gabriela Mbaga Obiang Lima in a meeting with the Equatoguinean delegation on the 21st of June 2017 in Accra included amongst others to:

  1. Strengthen cooperation links between the hydrocarbon sector of Equatorial Guinea and Ghana.

  2. Interact with the institutions of the Ghanaian Hydrocarbons sector to understand how they operate see the possibility of adapting the positive aspects observed to our model.

  3. Take advantage of the experience accumulated in Ghana as reflected in the aspects of Local Content, this experience & “Know How” can help to improve the participation and market share of local companies in Equatorial Guinea.

  4. Establish relations either in the form of cooperation or with the signing of Memoranda of Understanding between companies not only Ghanaian but with any regional or international companies that can add value for the empowerment of our local companies in Equatorial Guinea.

After the opening speeches the Excellency’s, the Minister of Petroleum of Ghana and envoys proceeded to the opening of the Exhibition, a lot of interest was aroused in the exhibition stand of the companies from Equatorial Guinea that included Alduco Engineering Services, Gepetrol and other member companies of NAHSCO who took advantage of the occasion to promote their services at the STAND.

At around 12 noon on June 22, the Minister visited the GE Stand and insisted that the Equatorial Guinean delegation take advantage of the trip, intensifying contacts and, above all, that people learn a lot.

Around 1:00 p.m. on June 22, the groups divided in two one group stayed behind to look after the stand at the exhibition while the second group made up of some members of NAHSCO together with the MMH, GEPetrol and Centurion law firm went to a meeting with “The Ghana Petroleum Commission” (the Upstream Oil & Gas regulator of Ghana) where the Equatorial Guinean delegation was received by the CEO of the Ghana Oil Commission in collaboration with its technical team. The meeting was characterized by numerous interventions, discussions and presentations on how the successfully implemented local content policies amongst others.

On June 23, GEPetrol, led by its DG - Antonio Oburu, organized a visit to Tema Oil Refinary (TOR) and invited a representative from the MMH and from NAHSCO. In this guided tour, it was made known that the personnel responsible for the refinery's operations are around more than 700 workers, all of them Ghanaians, this was an example of a local content success story.

The trip to Ghana was every successful, as Alduco Engineering Services ended signing several JVs with regional and international service companies.

About National Association of Hydrocarbons Services Companies (NAHSCO)

NAHSCO is an association of local companies in Equatorial Guinea that provide services to the oil & gas sector. Alduco Engineering Services is a founder member of the association, and its Managing Director was appointed as its first President. He has then moved on to provide advisory services to NAHSCO and its present President and board of Directors.

Ghana Oil and Gas summit 2017 delegation

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