Yinson Production will modify the topsides on the FPSO John Agyekum Kufuor, which operates at the Sankofa Field development in Ghana’s Offshore Cape Three Points Permit.
Under the terms of a contract amendment agreement with Eni, the program for the Non-Associated Gas (NAG) project involves installing gas compression facilities to counter declining reservoir pressure, and raising the vessel’s gas export capacity from the current 210-220 MMcf/d to 355 MMcf/d.
In addition, Yinson’s firm lease period for the FPSO will be lengthened by four years until 2036, with an incremental dayrate taking effect following completion of the modification works, anticipated in first-quarter 2028.
Yinson estimates the value of the extension and day rate at about $600 million.
The company will fabricate and integrate the MG2 module, incorporating two gas turbine-driven compressors, and the MC4 module, an auxiliary gas treatment module designed to manage higher gas volumes.
FPSO JAK is owned by a joint venture led by Yinson, which has a 74% interest, and a Japanese consortium comprising Sumitomo, Kawasaki Kisen Kaisha (“K” LINE), JGC Holdings and Development Bank of Japan (collectively 26%).
