Ghana’s President John Dramani Mahama on Thursday commissioned the country’s second largest commercial oil and gas project, the Tweneboah Enyenra Ntomme (TEN) field offshore the Western Region when he switched on the valve on Floating Production, Storage and Offloading (FPSO) unit, Prof. John Evans Atta Mills, to signal the flow of first oil.
According to Tullow Oil Plc, operators of the TEN fields, the first oil was reached “on time and on budget”. The FSPO is named after Ghana’s late President John Evans Atta Mills who died in office four years ago.
The FPSO unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil.
Tullow estimates that TEN’s average annualised production in 2016 will be approximately 23,000 barrels of oil per day (bopd) gross (net: 11,000 bopd).
It said oil production from the field is expected to ramp up gradually towards the FPSO capacity of 80,000 bopd through the remainder of 2016.
According to the state-owned Ghana National Petroleum Corporation, the (TEN) project is expected to produce over 300 million barrels of oil equivalent (mmboe) over the lifetime of the field, which is approximately 20 years. The field contains 80% oil and 20% gas.
Tullow Oil Plc holds a 47.175 per cent stake of the TEN oil fields. Tullow’s joint venture partners are Anadarko Petroleum Corporation (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%) and PetroSA (3.875%).
President Mahama said that his government would increase the use of local resources in the oil sector.
“I am happy to say that much of the work has been deliberately focused and much of the work was done locally here in Ghana. The nation has come a long way in terms of local resources,” he said.
