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Department for International Trade (DIT), on behalf of UK Export Finance (UKEF), with the technical and commercial support it requires fulfilling its obligations under the finance documents with Vitol Upstream Ghana Ltd and others in respect to the secured development financing of Offshore Cape Three Points located offshore Ghana ("the Project").
Technical support will include monitoring and reporting in respect to reservoir performance and operating performance. Commercial support will include monitoring and reporting in respect to the performance of key contracts and markets to which the project is exposed.
The project comprised all that is involved in the drilling completion and tie back of multiple wells to a new Floating Production Storage and Offloading vessel that was constructed in 2017. All the activities under the original scope of works have been successfully completed. Oil production started in August 2017 and Gas production from the Sankofa field in the (OCTP) Integrated Oil and Gas Project started at the end of June 2018.
The TA will be provided with full access to project information available to the lenders, and will be required to highlight and advise UKEF of all material matters in relation to the Project but in particular it will advise in respect to Completion, Annual Redeterminations and, at UKEF's direction, Material Waivers.
The TA is required to deliver its reports to comply with the decision-making timeline as set out in the Financial Agreements.
The TA should be aware that the door-to-door tenor of the UKEF loan is 7 years with final maturity of the loan in 2028. The TA will be expected to provide a consistent level of service throughout the loan.
| Supplier | Identifier | Award Value | Cross-References |
|---|---|---|---|
| Xodus Group Limited | SC286421 | £105,000 | - |
Government spending data: This supplier has received £335,496 in 6 payments (over £25k) from Department for Transport, Scottish Government (2020-07-03 to 2024-03-15). View full payment history →