The floating production, storage and offloading (FPSO) for Ghana‘s Offshore Cape Three Points (OCTP) project was named in Singapore, February 3.
FPSO John Agyekum Kufuor is named after the West African nation’s president from 2001 to 2009 who was present at the ceremony, along with Ghana‘s current First Lady, Rebecca .
The vessel, which will shortly set sail from Singapore for Ghana, is 333 meters in length and 60 meters wide, and has maximum oil storage capacity of 1.7mn bbls. It is expected to arrive in Ghana by April 2017, said OCTP operator Eni February 3.
Former president John Kufuor (Photo credit: Agencia Brasil / Wikipedia)
The vessel, which will handle the production of the Sankofa and Gye Nyame fields 60km off the coast of Ghana, has capacity to treat 58,000 b/d oil and up to 210mn ft3/d gas. It can also inject up to 55,000 b/d water and up to 150mn ft3/d gas. A total number of 18 subsea wells will be connected to the FPSO, while a 63km pipeline to shore will supply gas to Ghana’s power plants for over 15 years. Eni is the OCTP venture’s operator with a 44.44% stake; other partners are Vitol with 35.56% and GNPC with 20%.
The project is expected to cost some $8bn, which includes largely provided by the World Bank. If the schedule detailed in 2015, when the final investment decision was taken, is fulfilled — then first oil is expected from OCTP later this year, with first gas piped to shore in 2018.