The colourful ceremony offshore was preceded by the arrival of the President at exactly 10:30 a.m. He was welcomed onboard the FPSO Prof. Mills by the Chief Executive of Tullow Oil, the lead operator of the field.
The President and his entourage then went on a brief tour of the facility and later turned the production valve for the first oil, amidst a thunderous applause.
He then proceeded to the control room where he electronically used the remote vehicle to complete the process by opening the subsea well choke.
President Mahama also unveiled a plaque to commemorate the event in the Mess Room where he cut a cake to mark the day, which he described as significant.
After the tour of the facility, he commended the partners for the execution of the project on time and on budget over a period of three years after the government had approved the Plan of Development (POD) in May 2013.
The President was delighted by the deliberate effort on the part of the partners to ensure local content in the TEN project, compared to the Jubilee project which was fast-tracked.
He encouraged the team to work hard, noting that it was obvious that the country’s hydrocarbon prospects were bright.
“Even though the world market is going through some drop in oil prices, there will be a recovery sooner or later in the price of crude,” he said.
The Chief Executive Officer of Tullow, Mr Charles Darku, expressed the joy of the partners for the successful completion of the project.
The CEO of Tullow Oil Plc, Mr Aidan Heavey, said he was delighted that the TEN fields had reached first oil.
“This is an important moment for Tullow as production begins from our second operated development in Ghana,” he said.
He commended the government, other regulatory agencies and the partners — GNPC, Anadarko, Kosmos and PetroSA — for their support and co-operation since the first discovery was made in 2009.
Mr Heavey congratulated the project team, the contractors and sub-contractors on delivering the project on time, on budget and with great skill and professionalism and commended them for their commitment to the project.
The TEN start-up process has now well advanced and the partners expect oil production to ramp-up gradually towards the FPSO capacity of 80,000 barrels per day (bpd) through the remainder of 2016.
The lead operator projected that TEN average annualised production in 2016 will be approximately 23,000 bpd gross.
The TEN project, which begins at a time Parliament has passed the Exploration and Petroleum Bill into law to streamline operations in the oil and gas sector, adds on to the Jubilee oilfield which began commercial production of oil in 2010.
Ghana joined the league of oil producing countries when oil was discovered in commercial quantities in June 2007. From then on it has been one success story after another with the discovery of more oil and gas reserves offshore the Western Region.
About the TEN Project
The full field development will consist of around 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.
An FPSO has been anchored over the fields, with a significant amount of subsea production equipment installed on the seabed.
Flowlines connect the subsea equipment to the FPSO and carry fluids and hydrocarbons to and from the vessel.
Volume of oil to be produced
TEN is expected to produce about 300 million barrels of oil equivalent (mmboe) over its lifetime (approximately 20 years), 80 per cent of which is oil and 20 per cent gas. The field will produce 80,000 barrels of oil per day when it reaches full production.
Number Crunch: 300 million barrels
The Tweneboa Enyera Ntomme (TEN) project is expected to produce about 300 million barrels of oil equivalent (mmboe) over its 20-year lifetime.