our latest news FROM GHANA

Keeping you up-to-date and fully informed of the latest news in Ghana’s oil and gas industry – upstream and downstream.

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Tullow Oil has said that it's Tweneboa, Enyenra, and Ntomme fields development, offshore Ghana, known as TEN is progressing well, and is over 50 percent complete. It is expected to produce first oil in mid-2016, as originally planned.  The development includes the drilling and completion of up to 24 development wells which will be connected through subsea infrastructure to a floating, production, storage, offloading (FPSO) vessel.  The conversion of what will be Ghana’s second FPSO continues on schedule, and the overall gross capex cost of the development remains at $4.9 billion.

Tullow to invest $5 million in TEN in 2016
Tullow Ghana Limited will spend about $5 million as capital expenditure into the Tweneboa, Enyena and Ntomme (TEN) project in Ghana by 2016. Tullow has already drilled two developmental wells after securing the West Leo rig. It is expected that enhanced seismic survey will further enhance well placement.

Tullow is in the process of converting the Centennial Jewel tanker into a Floating Production Storage Offtake (FPSO) in Singapore. The TEN fields is within an estimated area of 430 square kilometres, about 20 KM west of the Jubilee Field. The TEN fields have estimated reserves of 140 to 337 million barrels and gas reserves of about 128 to 399 billion cubic feet. Nominal nameplate capacity is estimated at 80,000 standard barrels of oil per day while oil storage will be 1.7 million barrels. The gas processing compression capacity is put at 170 million standard cubic feet per day.

Tullow is expected to start rig operations relating to the installation of equipment for the first oil wells to commence 2015. This is expected to extend to 2016, but during 2015, the installation of a large part of the subsea infrastructure will be undertaken, prior to the departure of the second FPSO from Singapore at the end of that year.
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Government to invest $20 billion in new oil discoveries
The Ghana government will invest about $20 billion in the development of new oil discoveries over the next five years, the Minister of Energy and Petroleum, Mr Emmanuel Armah Kofi Buah, has indicated. Currently, Ghana is producing 110,000 barrels of oil daily, and according to Tullow Oil’s projection, an additional 80,000 barrels per day is expected to be produced in the next five years. The new construction of a gas processing plant at Atuabo in the Western Region is scheduled to be completed in 2014.

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Offshore Oil and Gas Production Resumeinistry Sectors
The Ministry of Energy and Petroleum has disclosed its willingness to build capacities of players in the Liquefied Natural Gas (LNG) sector to ensure proper adherence to international practices and also take full advantage of the numerous opportunities the sector presents.

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