Tullow Oil has said that the development of its second major oilfield in Ghana, being the Tweneboa, Enyera and Ntomme (TEN) field, is on track to deliver first oil by mid-2016.
Terry Hughes, director of the TEN project, told a global gathering of industry people in Accra that work is progressing steadily on fabrication of the Floating, Production, Storage and Offloading (FPSO) vessel with a capacity to process 80,000 barrels of oil per day.
Production at the field, he said, is expected to peak at between 75,000 and 76,000 barrels of oil per day, and the project is expected to recover approximately 216 million barrels of oil.
The government of Ghana approved the plan of development for the project on May 29, 2013, paving the way for Tullow and its partners to proceed with development of the field, estimated to cost US$4.5billion.
According to Tullow, development of the TEN Project requires the drilling and completion of up to 24 development wells, which will be connected through sub-sea infrastructure to the FPSO.
The Tweneboa-Enyenra-Ntomme (TEN) fields are located in the Deepwater Tano licence, which covers an area of more than 800 sq km and lies around 20km west of the Jubilee Field.
The first discovery was made by the Eirik Raude drill rig in March 2009.
Tullow is operator of the Deepwater Tano Contract Area with an equity interest of 47.175%. Other partner interests are Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings Ltd — a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).
Source: B&FT online