President John Mahama will this morning commission the FPSO Professor John Evans Atta Mills to commence oil production from the Tweneboa-Enyenra-Ntomme known as the TEIN fields.
The Tweneboa-Enyenra-Ntomme is expected to produce between 20,000-23,000 barrels of oil per day.
The TEIN project which is a joint venture led by Tullow Oil, Kosmos Energy, Anadarko Petroleum corporation, Ghana National Petroleum Corporation and Petrol SA will add to the approximately 80,000 barrels of oil per day being produced by the Jubilee fields, and an average of 30 million standard cubic feet of gas per day over the next five years. The production is expected to reach 100million standard cubic feet of gas per day by 2032.
With additional gas coming on stream, government hopes to meet its target of achieving 80% of her thermal gas being gas-based generation for fuel security.
Tullow Oil is optimistic production from TEIN will increase production and oil revenue.
Meanwhile, a statement from Tullow Oil said: “Tullow Oil plc is pleased to announce that first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills. First oil has been reached on time and on budget three years after the Plan of Development was approved by the Government of Ghana in May 2013.
“The TEN start-up process is now well advanced and Tullow expects oil production to ramp-up gradually towards the FPSO capacity of 80,000 bopd through the remainder of 2016. Tullow estimates that TEN average annualised production in 2016 will be approximately 23,000 bopd gross (net: 11,000 bopd).”
Tullow is the operator of the TEN fields and holds a 47.175% stake. Tullow’s joint venture partners are Anadarko Petroleum Corporation (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%) and PetroSA (3.875%).
Aidan Heavey, CEO of Tullow Oil plc, said: “I am delighted that the TEN fields have reached first oil. This is an important moment for Tullow as production begins from our second operated development in Ghana. I thank the Government of Ghana, the Petroleum Commission and our partners – GNPC, Anadarko, Kosmos and PetroSA – for their support and co-operation since we made the first discovery in 2009. I also congratulate the project team, our contractors and sub-contractors for delivering this project on time and on budget and with great skill and professionalism and commend them for their commitment to the participation of Ghanaian staff and companies in the project.”
Source: Ghana/Starrfmonline.com/103.5fm/Miriam Hayford