The second floating production, storage and off-loading (FPSO) vessel built for oil production in Ghana has set sail over the weekend, ghanabusinessnews.com has learned.
The FPSO named after the Late President of Ghana, John Evans Atta Mills was constructed by Sembcorp Marine Shipyard in Singapore and was expected to have set sail to Ghana at the end of last year, 2015. Expected to have arrived in Ghanaian waters in February 2016 to be hooked-up to the subsea production equipment which is being installed on the seabed in the Tweneboa-Enyenra-Ntomme (TEN) fields, the FPSO is now expected to arrive in Ghana in March 2016.
With a nominal production capacity of FPSO of 80,000 barrels of oil per day and a capacity of 1.7 million barrels, the vessel is 350 meters long and can accommodate 120 people
Ghana’s first FPSO, named after the country’s first President, Kwame Nkrumah has a production capacity of 120,000 barrels of oil a day and it is designed to be on the field for 20 years.
The FPSO Kwame Nkrumah MV21 is installed in approximately 1,100 meters water depth on the Jubilee Field, which is one of the largest oil fields discovered offshore West Africa in the past 10 years.
The FPSO is capable of processing more than 120,000 barrels of oil per day, and injecting more than 230,000 barrels of water per day and 160 MMscfd of produced gas but at the moment it is producing about 70,000 barrels of oil per day and is expected to increase to 90,000 barrels per day by the end of this year, 2012.
The FPSO Kwame Nkrumah is designed to remain on the field for up to 20 years.
Ghana became an oil producer in December 2010 with hopes of economic boom. But that hope has fizzled. The government has been seen to be mismanaging the oil revenue. A typical example was the spending of GH¢3.6 million an equivalent of $1 million to re-spray and paste photos of past leaders and the current president.
And in spite of the falling prices of oil on the world market, Ghanaians are among people around the world paying more for petroleum products at the pump.
Emmanuel K. Dogbevi