What's Happening?
Altera Infrastructure has highlighted the role of Aberdeen's offshore engineering expertise in its successful fast-track development of the Baleine field in Ivory Coast. At the Wider African Energy Summit,
Altera's Director of Business Development, Stig Bøtker, emphasized the importance of the UK base in delivering projects in emerging African offshore hubs. The Petrojarl Kong FPSO, redeveloped on a 24-month schedule, is now operational at the Baleine field, processing significant volumes of oil and gas. Altera has also secured $464 million in post-delivery financing, marking a first for a West African offshore project.
Why It's Important?
Altera's achievements in Ivory Coast underscore the strategic importance of international expertise in advancing Africa's offshore energy sector. The successful deployment of the Petrojarl Kong FPSO demonstrates the potential for rapid development in the region, which is crucial for meeting domestic energy needs and supporting economic growth. The financing model used by Altera could serve as a blueprint for future projects, attracting more investment into West Africa's energy infrastructure. Additionally, Altera's commitment to local workforce development and emissions reduction aligns with broader industry trends towards sustainability and local capacity building.
