MODEC Ghana joins Invest in Africa


Date: 05/05/2016


Invest in Africa (IIA) has announced that MODEC Ghana Ltd. (MODEC Ghana), a subsidiary of MODEC, Inc. (MODEC) is the latest company to join the IIA as a local partner in Ghana. IIA is a partnership of leading companies working across sectors to drive economic development and growth, create business opportunities and support job creation in African country markets.

Ongoing initiatives by IIA include the African Partner Pool (www.africanpartnerpool.com) which is Ghana’s first cross sector business portal and the Business Linkage Programme (BLP), for SME development and growth.

Morgan Asiedu, Chairman of the IIA Ghana Board and acting MD for Ecobank Ghana, in his welcome message, assured MODEC Ghana of IIA’s support as MODEC continues to play an important role in Ghana’s oil and gas sector.

MODEC provides complete solutions for the offshore oil and gas industry including engineering, construction and operational services for floating oil & gas production systems such as Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs) and Production Semisubmersibles. MODEC currently operates the FPSO Kwame Nkrumah MV21 vessel at Jubilee Field offshore Ghana for Tullow Oil. The FPSO Prof. John Evans Atta Mills, the second vessel MODEC has delivered to Ghana is scheduled to produce first oil in mid-2016 at the Tweneboa, Enyenra, Ntomme (TEN) fields which are being developed by the TEN Project Partners including Tullow Oil.

“MODEC Ghana is delighted to be invited to participate in this forum, this is truly a win-win opportunity enabling all parties to benefit from each other’s experiences and knowledge.” Neil Woodcock said as a representative of MODEC Ghana. “We look forward to becoming an active part of Invest in Africa and meeting new friends along that path.”

As a local Partner to IIA in Ghana, MODEC Ghana will have a seat on the IIA Ghana Board and work with all other Partners to define and deliver the strategic direction of the organisation in Ghana including the empowerment of local enterprise and championing private sector-led growth.

“IIA is delighted to welcome MODEC Ghana as one of our local partners in IIA’s quest to develop local enterprises and support investment into Ghana.” said Sam Brandful, Invest in Africa Ghana Manager.

MODEC Ghana joins Tullow Ghana, Ecobank Ghana Limited, UT Bank, AB & David, Guinness Ghana Breweries Limited, EY, Association of Ghana Industries, Canon, Atuabo Freeport and Ghana Investment Promotion Centre as the eleventh IIA Ghana partner.