KUALA LUMPUR (May 22): Integrated offshore production and support services provider Yinson Holdings Bhd’s latest floating production, storage and offloading unit (FPSO) the John Agyekum Kufuor (JAK) has produced first oil at the Offshore Cape Three Points (OCTP) block three (3) months ahead of Eni Ghana Exploration & Production Limiteds’ (ENI) schedule in a record time-to-market for ENI.
In a statement yesterday, Yinson said the FPSO JAK will be deployed for a firm charter period of fifteen (15) years with five (5) yearly extension options exercisable by Eni Ghana Exploration & Production Limited (“Eni Ghana”).
It said the FPSO will produce up to 85,000 barrels of oil equivalent per day through 18 underwater wells.
Yinson said that as for gas produced, it will be transported to Sanzule’s Onshore Receiving Facilities via a 63-kilometer submarine pipeline, where it will be processed and transmitted to Ghana’s national grid, supplying approximately 180 million standard cubic feet per day.
Yinson executive chairman Lim Han Weng said the group has a strong historical track record in vessel uptime and we will ensure that FPSO JAK will deliver and meet the expectations of its client.
“We are also very proud to be part of this strategic national project whereby the gas production from OCTP will provide Ghana with a reliable source of electricity for the country’s future developments,” he said.
The OCTP integrated oil & gas development fields are located about 60 kilometers off Ghana’s Western Region coast which is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields.
These fields have about 770 million barrel of oil equivalent (“mboe”) in place, of which 500 million barrels of oil and 270 mboe of non-associated gas (about 40 billion cubic meters).