The new floating vessel, FPSO built by MODEC will be named after former President John Agyekum Kufuor.

According to’s sources, the decision to name Ghana’s third FPSO was taken by outgoing President John Dramani Mahama.

The source also revealed that the decision was taken weeks ago but the announcement was delayed due to the 2016 elections.

The third FPSO for the Offshore Cape Three Point Sankofa development is expected to arrive early 2017,” outgoing Minister for Petroleum, Emmanuel Armah-Kofi Buah told B&FT.

Ghana’s first FPSO is named after the country’s first president, Kwame Nkrumah. FPSO Kwame Nkrumah operates in the Jubilee oil fields off the coast of Ghana.  On 1 May 2010, the vessel was renamed Kwame Nkrumah MV21, and on 15 May 2010, she started her trip to her base in the Western Coast of Ghana. She arrived in Ghana on 21 June 2010. The vessel is estimated to cost US$875 mi llion.

The FPSO Professor John Evans Atta Mills is the country’s second FPSO. It is also named after former president in September 2015. The vessel, which was constructed in Singapore started producing oil from the TEN fields in July/August 2016.