INDUSTRY News

President Nana Akufo-Addo Commissions FPSO John Agyekum Kufuor

President Nana Addo Dankwa Akufo-Addo has today commissioned the FPSO John Agyekum Kufuor. The Floating Production Storage and Offloading (FPSO) vessel will be attached to the Sankofa-Gye Nyame fields in the Offshore Cape Three Points (OCTP) Block offshore the Western Region of Ghana and is expected to produce up to 80, 000 barrels of oil per day.

President Nana Akufo-Addo turns the Production Valve of the FPSO John Kufuor

The Sankofa-Gye Nyame fields hold hydrocarbon reserves of about 1.07 trillion cubic feet of gas, 173 million barrels of oil and 30 million barrels of condensate. The main operator of the fields will be Eni, an Italian oil company, with Vitol and GNPC as partners.

Apart from the significant revenue stream it is expected to generate for the Ghanaian government, Ghanaians will be particularly interested in the OCTP project as it is expected to produce up to 170 million standard cubic feet of gas per day which would be transported through a 63 km submarine pipeline to the Sanzule Onshore Recovery Facilities (ORF) to help in power generation in order to ease Ghana’s power struggles.

The FPSO John Agyekum Kufuor is Ghana’s third FPSO, joining the FPSO Kwame Nkrumah which operates in the Jubilee field, and FPSO Prof. John Evans Atta Mills which operates in the TEN field.

 

WRITER: FERDINAND SENAM HASSAN

IMAGES: GOOGLE

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