ACCRA, President Nana Addo Dankwa Akufo-Addo of Ghana has commissioned the Floating Production Storage and Offloading (FPSO) vessel John Agyekum Kufuor to formally kick-start the production of oil in commercial quantities from the offshore Sankofa Gye-Nyame oilfields.
The symbolic ceremony was performed offshore Thursday by the president who turned the production valve of the FPSO and opened a Subsea Well Choke to enable the flow of oil, while an audience comprising Ghana’s traditional chiefs, senior government officials and other dignitaries followed proceedings from the Takoradi Shore Base in Ghana’s Western Region (Province).
The Ministry of Energy said in a statement that the Italian oil company Eni is the operator of the Offshore Cape Three Points (OCTP) block where the oilfields are located with a 44.44 per cent stake, while Vitol of the Netherlands holds 35.56 per cent and the Ghana National Petroleum Corporation (GNPC) has 20 per cent.
The OCTP integrated oil and gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometers off Ghana’s Western Region coast. The fields have cumulatively recoverable reserves of about 1.07 trillion cubic feet of gas, 173 million barrels of oil and about 30 million barrels of condensate.
The fields will produce altogether 45,000 barrels of oil per day (bpd) and 170 MMSCFD of gas through 18 wells, using the FPSO John Agyekum Kufuor, which is named after a former president of Ghana. A 63-kilometre submarine pipeline will transport the gas from the fields to the Onshore Receiving Facilities (ORF), where it would be received and transmitted for power generation.
The FPSO vessel, which was customized and delivered by Keppel Offshore and Marine Ltd. of Singapore, is being operated by Malaysian offshore services company Yinson Holdings, under an agreement with the ENI-led consortium.
Source: NAM NEWS NETWORK