The Minister for Energy, Dr. Matthew Opoku Prempeh has called for closer collaboration between Tullow Ghana to collaborate with Ghana National Petroleum Corporation (GNPC), and the Petroleum Commission on the proposed self-operate project for the FPSO Kwame Nkrumah.
He made this call when the Managing Director of Tullow Ghana, Wissam Al Monthiry paid a working visit to provide some updates to the Ministry on the proposed project.
Dr. Mathew Opoku Prempeh said Tullow’s proposal will go a long way in the development of Ghana’s upstream Petroleum Sector.
Tullow Ghana in its 2021 full-year results announced that it would in the middle of this year take over the operations of FPSO Kwame Nkrumah from MODEC, a global supplier and operator of offshore floating platforms.
A vessel used only to store oil (without processing it) is referred to as a floating storage and offloading (FSO) vessel.
Ghana has three Floating Production, Storage and Offloading (FPSO) vessels namely, FPSO Kwame Nkrumah, FPSO Atta Mills and FPSO John Kufuor.
The FPSO Kwame Nkrumah is a floating production storage and offloading vessel. It operates in the Jubilee oil fields off the coast of Ghana.
She is named after the first president of Ghana Kwame Nkrumah.
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.
On November 28, 2010, the FPSO Kwame Nkrumah MV21 achieved commissioning of first oil offshore Ghana. The oil from this day has been used to commission the facilities for Tullow’s official First Oil Ceremony held on December 15, 2010. The FPSO is designed to remain on the field for up to 20 years.