Ghana’s new Floating Production and Storage Vessel (FPSO) has been named after former President John Kufuor.

The naming ceremony took place in Singapore Thursday. The former President was at the ceremony together with the first lady Rebecca Akufo-Addo.

The FPSO which will operate  in the Offshore Cape Three Points (OCTP) oilfields in the Western region is to be called and known as John Agyekum Kufuor.

The vessel built by Singapore’s Keppel Offshore and Marine Company Ltd will process 58,000 barrels of oil and 98 million standard cubic feet of gas a day from the OCTP fields comprising Sankofa East – Cenomanian Oil, Sankofa East – Campanian Oil, Sankofa Main Gas, Sankofa East Gas, Gye Nyame Gas.

The vessel is owned by ENI Oil, Ghana Limited, Vitol Upstream, Ghana Limited and the Ghana National Petroleum Corporation.

It is expected to sail into Ghanaian waters by April 2017, to start work.