Business News of Thursday, 2 February 2017

Source: ultimatefmonline.com

FPSO Kufuor sails into Ghanaian waters in April

Th FPSO vessel to operate in the W/R was named in Fmr. Pres. Agyekum Kufuor's honor Th FPSO vessel to operate in the W/R was named in Fmr. Pres. Agyekum Kufuor's honor

Former President John Agyekum Kufuor, arrived in Singapore Wednesday, for the naming of the Floating Production and Storage Vessel (FPSO) to operate in the Offshore Cape Three Points (OCTP) oilfields in the Western Region, in his honour.

‘The FPSO OCTP is the first and largest vessel in Ghana to convert crude oil and gas into finished products on the same platform,’ Frank Agyekum Spokesperson of former President Kufuor said in a statement.

According to the statement, the vessel is expected to sail into Ghanaian waters on April 2017, to start work.

The Former President Kufuor will be away for about 10 days.

The First Lady, Mrs. Rebecca Akufo-Addo who is in Singapore will be helping in the naming of the FPSO.

‘The vessel built by Singapore’s Keppel Offshore and Marine Company Ltd will process 58,000 barrels of oil and 98 million standard cubic feet of gas a day from the OCTP fields comprising Sankofa East – Cenomanian Oil, Sankofa East – Campanian Oil, Sankofa Main Gas, Sankofa East Gas, Gye Nyame Gas.

The vessel is owned by ENI Oil, Ghana Limited, Vitol Upstream, Ghana Limited and the Ghana National Petroleum Corporation.,’ the release stated.

Signed: Frank Agyekum Spokesperson/Special Aide Office of HE John Agyekum Kufuor Former President, Republic of Ghana.