Eni and Yinson extend Ghana FPSO lease to 2036 with a gas upgrade
Published in Brief No. 1 ·
Yinson Production signed an amendment with Eni Ghana for the FPSO John Agyekum Kufuor, which serves the offshore Cape Three Points (OCTP) project. New compression and gas-treatment modules are to lift gas export capacity to about 355 MMscf/d from roughly 210–220 MMscf/d, with completion targeted for early 2028. The firm lease is extended by four years, to 2036, at a higher day rate.
A template for extending ageing FPSO leases while adding capacity: how cost, schedule-delay risk and day-rate step-ups are shared between operator and vessel owner. It also lengthens the horizon for Ghanaian gas supply, which matters to gas sales and power counterparties.
Sources: Offshore Engineer ↗ · The Star (Malaysia) ↗
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