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Ghana acquires second FPSO vessel

Ghana’s second Floating Production Storage Offloading (FPSO) vessel arrived in the country this week after successfully completing a five week voyage from Singapore where it was built.Ghana FPSOThe 350 meter vessel, which is named after former Ghanaian President, the late Professor John Evans Atta Mills, will start producing oil from the Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields by August this year.

The development of the TEN oil fields, located around 60 kilometers from the coast of Ghana’s Western Region, is being led by Tullow Oil together with its partners Anadarko Petroleum Corporation, Kosmos Energy, PetroSA and the state-owned Ghana National Petroleum Corporation (GNPC).

The new FPSO vessel cost 750 million dollars. It can store 1.6 million barrels of oil and has  a production capacity of 120,000 barrels of oil per day.

Ghana’s first FPSO vessel, the Kwame Nkrumah, has been in operation since 2010.

Report by Flavia Nalubega