Tullow reports first oil from Ghana’s TEN development

African-focused oil firm has announced that its first flows from the TEN fields – otherwise, and more formally known as the Tweneboa, Enyenra, Ntomme fields – offshore Ghana.

The President, John Mahama on Thursday switched on the valve on FPSO Prof.

The project has been delivered on time and on budget, with first oil flowing three years after the Plan of Development was first approved by the Ghanaian government in May 2013.

The company thinks it will produce an average of 23,000 barrels per day for the rest of 2016, but will ramp-up gradually to 80,000 through the remainder of the year.

Together, they make up what is known as TEN in which Tullow Oil holds a 47.175% stake alongside partners Anadarko Petroleum, Kosmos Energy, Ghana National Petroleum and PetroSA.

He was speaking shortly after an opening ceremony for Ghana’s second commercial crude oil field in the… The fields are spread across an area of more than 500 square kilometers (193 square miles), around 20 kilometers (12 miles) to the west of the Tullow operated Jubilee Field. “This convinced global investors, who would eventually become the TEN partners, to invest in the project”.

Tullow Oil is optimistic production from TEIN will increase production and oil revenue. It will also provide additional gas for electricity generation, to drive economic growth in Ghana. Therefore, the completion of Project TEN is an important milestone for Tullow which could positively catalyse its financial performance.

The company, which has its headquarters in London, cautioned, however, that drilling in the TEN field may stand still because of border disputes between the governments of Ghana and Ivory Coast. The field contains 80 percent oil and 20 percent gas.

The full field development will consist of 24 wells in total – a mixture of water injection, gas injection and production wells which will all be connected to the FPSO through subsea infrastructure.