Ghana’s TEN Project ‘to produce oil in 2016’

offshore ghana-marianne muegenburg cothern flickrWhen fully operational, Tullow Oil expects production to reach 80,000 bpd. (Image source: Marianne Muegenburg/Flickr)The government of Ghana has announced that its Tweneboa, Enyenra and Ntommeoil (TEN) Project, situated 60km off the coast, will start producing oil in 2016

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

When fully operational, Tullow Oil expects the production to reach 80,000 bpd.

The government had approved of the TEN Project in May this year. The field is reported to hold about one billion barrels of oil and the project is likely to cost about US$4.5bn.

The oil and gas exploration firm also said that it expects production at Jubilee to hit 120,000 bpd by Q3 2013. The Anglo-Irish company is currently looking to complete work on a number of wells on the field by October this year in order to start exporting gas in 2014.

 

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