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Mega-field complex off the West African coast could produce as much as 80,000 barrels of oil per day.
By Daniel J. Graeber
One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore
Ghana, Tullow Oil announced Thursday. "I am delighted that the TEN fields have reached first oil," Tullow CEO Aidan
Heavey said in a statement.Oil is now flowing from the Tweneboa, Enyenra, Ntomme fields offshore Ghana to a
floating production platform. The milestone was reached for the company on time and on budget, three years after the
Ghanaian government signed off on the development plans.Production from the oil field complex, Tullow said, should
gradually move up through the year to the floating facility's peak capacity of 80,000 barrels of oil per day.Production
for the year should average about a quarter of the peak capacity. Any natural gas associated with the field,
meanwhile, could be exported within the next two years, though Tullow said it could get gas out early if new export
facilities come online by the end of this year.The company, which has its headquarters in London, cautioned, however,
that drilling in the TEN field may stand still because of border disputes between the governments of Ghana and Ivory
Coast. A tribunal is reviewing the maritime boundaries, with a decision expected in late 2017. Nevertheless, Tullow
said the difficult part of the field's development was in the past."I thank the government of Ghana, the Petroleum
Commission and our partners -- GNPC, Anadarko, Kosmos and PetroSA -- for their support and co-operation since we
made the first discovery in 2009," Heavey said.A report from the Organization of Petroleum Exporting Countries finds
gains in Ghanaian oil production are not enough, however, to prevent an overall decline for Africa. OPEC said it
expected all of Africa to produce about 2.1 million bpd this year, a decline of 30,000 bpd from the previous year.
Source : UPI
By Daniel J. Graeber
One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore
Ghana, Tullow Oil announced Thursday. "I am delighted that the TEN fields have reached first oil," Tullow CEO Aidan
Heavey said in a statement.Oil is now flowing from the Tweneboa, Enyenra, Ntomme fields offshore Ghana to a
floating production platform. The milestone was reached for the company on time and on budget, three years after the
Ghanaian government signed off on the development plans.Production from the oil field complex, Tullow said, should
gradually move up through the year to the floating facility's peak capacity of 80,000 barrels of oil per day.Production
for the year should average about a quarter of the peak capacity. Any natural gas associated with the field,
meanwhile, could be exported within the next two years, though Tullow said it could get gas out early if new export
facilities come online by the end of this year.The company, which has its headquarters in London, cautioned, however,
that drilling in the TEN field may stand still because of border disputes between the governments of Ghana and Ivory
Coast. A tribunal is reviewing the maritime boundaries, with a decision expected in late 2017. Nevertheless, Tullow
said the difficult part of the field's development was in the past."I thank the government of Ghana, the Petroleum
Commission and our partners -- GNPC, Anadarko, Kosmos and PetroSA -- for their support and co-operation since we
made the first discovery in 2009," Heavey said.A report from the Organization of Petroleum Exporting Countries finds
gains in Ghanaian oil production are not enough, however, to prevent an overall decline for Africa. OPEC said it
expected all of Africa to produce about 2.1 million bpd this year, a decline of 30,000 bpd from the previous year.
Source : UPI
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