Ghana Oil Output to Hit 180,000 Barrels per Day in 2016
Post Date: 29 Oct 2013 Viewed: 329
Ghana’s total oil output is expected to top 180,000 barrels per day (bpd) when the Tweneboa-Enyenra-Ntomme (TEN) oil field begins commercial production in mid-2016, GhanaWeb reported on October 25, citing Tullow Oil, lead operator of the field.
According to Tullow Ghana’s General Manager Charles Darku, factors such as the drying up of some wells at the Jubilee field by the time TEN comes fully on stream could mean that the country’s production would be about 180,000bpd – instead of more.
"The Jubilee field is currently producing 110,000bpd, and in the long-term we should be able to increase that. The TEN Field has an FPSO with a capacity of 80,000bpd and wouldn’t come on stream in mid-2016 at that level but in the long term will,” Tullow’s Head of Corporate Communication Chris Perry told the B&FT.
Speaking at Tullow Oil’s turn at the Ghana Stock Exchange’s “Fact behind the Figures” forum, Mr. Perry said Tullow is injecting US$4.9 billion in the TEN project, located in the Deepwater Tano licence and 30km west off the Jubilee Field.
Tullow operates Deepwater Tano with a 47.175% interest, sharing ownership with Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil and Gas Holdings (3.825%) and the Ghana National Petroleum Corporation (15%).
The TEN project contains 143-377 million oil reserves and 128-399 million cubic feet of gas reserves, with the field’s plateau production rate expected to be 80,000 barrels per day from an FPSO vessel in 1.5 km of water.