First Lady launches FPSO John Agyekum Kufuor in Singapore

The First Lady, Mrs. Rebecca Akufo-Addo, Friday launched the Floating Production and-Storage Offloading (FPSO) vessel, John Agyekum Kufuor, at the Keppel shipyard in Singapore.

The vessel named after Former President John Agyekum Kufuor will operate in the Offshore Cape Three Points (OCTP) oilfields in the Western Region.

It is the largest of the three FPSOs in Ghana and the first equipped to convert both gas and oil on the same platform.

Mrs. Akufo-Addo who was the special guest of honour, commended the former President for his foresight in restructuring the oil sector during his administration which led to the finding of oil in commercial quantities, for the first time in Ghana, about 10 years.

She noted that naming the vessel after former President Kufuor was well-deserved as it showed the appreciation of Ghanaians for his good deeds which turned Ghana around from a Highly Indebted and Poor Country (HIPC) to a lower middle income-earning country in a record time of about six years.

Former President Kufuor expressed his appreciation to Ghanaians for the honour done him and praised the former NDC government led by former President John Mahama for proposing to name the vessel after him.

He also commended the current NPP government led by President Nana Akufo-Addo, for carrying through with the proposal. Former President Kufuor traced oil exploration in Ghana from the 1890’s through various governments till 2007 when the first commercially viable quantities of oil was found under his administration in 2007 but said Ghanaians have not as yet fully realized the benefits of the find.

“Although Ghana is now counted among the ‘oil-producing countries in the world, our country is yet to become the ‘land of milk and honey’ that many pray for.

“We still grapple with a lot of economic and social difficulties in our bid to make our oil find a ‘blessing and note a curse,’” Former President Kufuor said and hoped that with efficient management the FPSO with capacity to process 58,000 barrels of oil and 98 million standard cubic feet of Gas a day, will help to turn things around for the country.

He expressed optimism that the new government under President Akufo-Addo: “will expand the enabling atmosphere with best practices and policies for the concept of Public-Private-Partnership to be realized to achieve the social and economic transformation for all citizens of our nation in the shortest possible time.”

FPSO John Agyekum Kufuor, expected to sail into Ghanaian waters by April 2017, is operated by ENI Petroleum Ghana Limited, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation.

It was built by Keppel Offshore and Marine Shipyard Company of Singapore.