Tullow Oil gets approval for TEN project in Ghana

offshore ghana-marianne muegenburg cothern flickrThe project is expected to deliver its first oil in 2016, with a plateau production rate of 80,000 bopd. (Image source: Marianne Muegenburg Cothern)The government of Ghana has formally approved the development plan for the Tweneboa, Enyenra and Ntommeoil (TEN) project, Tullow Oil has announced

The TEN Project is located in the deepwater Tano Contract Area, 60km off the coast of Ghana and nearly 30km west of the Tullow Oil-operated Jubilee Field.

The approval paves the way for the oil and gas firm and its partners — Kosmos Energy, Anadarko, PetroSA and the Ghana National Petroleum Corporation — to proceed with the development of this project.

The project is expected to deliver its first oil in 2016, with a plateau production rate of 80,000 bopd.

The development of the TEN Project will require the drilling and completion of up to 24 development wells, which will be connected through subsea infrastructure to a floating, production, storage and offloading vessel (FPSO), moored in approximately 1.5km of water.

Aidan Heavey, chief executive officer of Tullow Oil, said, “This is an important project that will give Ghana its second major offshore development. The government of Ghana have shown faith in Tullow and its partners again and has set us a number of important targets around local content and supply chain. I have every confidence that we will meet these targets and look forward to working with the government and our partners to deliver the TEN Project.”

Tullow is operator of the deepwater Tano Contract Area with an equity interest of 47.175 per cent. Kosmos Energy and Anadarko individually hold 17 per cent, Sabre Oil & Gas Holdings Limited, a wholly-owned subsidiary of PetroSA, has 3.825 per cent and the Ghana National Petroleum Corporation has 15 per cent stake.

 

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