First oil production from the Tweneboa-Enyenra-Ntomme, also known as (TEN) fields, is expected to begin today, August 18, 2016.
The joint venture project, led by Tullow Ghana is expected to produce about 300 million barrels of oil over its lifetime, approximately 20 years.
President John Mahama, who is currently on a campaign tour of the Western region, will join officials of the Petroleum Ministry and Project engineers to officially inaugurate oil production by FPSO Professor John Evans Atta Mills, to mark another major mile stone in Ghana’s oil and gas sector.
The field will produce 80,000 barrels of oil per day when it reaches full production. It will also produce an average of 30 Million Standard Cubic Feet of Gas per day over the next five years and expected to reach 100 Million standard Cubic Feet of Gas per day by 2032.
Speaking to Rukiyatu Musah on Todays inauguration the Head of Communication at the Ministry of Petroleum, Edward Bawa, said the coming on stream of TEN will add to the country’s assets in terms of oil and gas.
In a statement Mr. Bawa the ceremony which will be held offshore on the FPSO will have the President also opening a Subsea Well Choke, unveiling a plaque to commemorate the ceremonial event and will be followed by a grand durbar of chiefs and people of the Western Region with Government officials and other dignitaries at Takoradi.
According to the statement, the TEN Project is a joint venture led by Tullow Oil with a stake of 47.185%. The other partners: Kosmos Energy, Anadarko Petroleum Corporation, Ghana National Petroleum Corporation and PetroSA have a stake of 17%, 17%, 15% and 3.815% respectively.
It further said the project derives its name from the three fields, Tweneboa, Enyenra and Ntomme (TEN), which lie around 60 kilometres off the coast of the Western Region, Ghana. The full field development will consist of 24 wells in total – a mixture of water injection, gas injection and production wells. At start-up, 10 wells will be required and these have already been drilled.
“FPSO John Evans Atta Mills has been anchored over the fields with a significant amount of subsea production equipment installed on the seabed. TEN is expected to produce about 300 million barrels of oil equivalent (mmboe) over a 20 years period, 80% of which is oil and 20% gas. The field will produce 80,000 barrels of oil and 180mm scf of gas per day when it reaches full production.”
“With additional gas coming on stream, Ghana will be inching towards achieving the target of 80% of her thermal plants being gas-based generation and therefore assuring some level of fuel security going forward.” It said.
The statement said one key focus of Government has been the active participation of Ghanaians across the entire petroleum sector value chain.
Adding that, it is for this reason that, Government ensured that the TEN Partners maximized local content throughout the project before approving the Plan of Development (PoD).
Every TEN Project contractor was required to submit a comprehensive local content plan as part of their bids for contracts, outlining how they would maximise the amount of work undertaken in Ghana and ensure training of Ghanaians.
The Ministry of Petroleum says it takes this opportunity to congratulate everyone who contributed to making this project a success. Government will continue to work assiduously to ensure that our hydrocarbon find becomes a blessing and not a curse.