Barring any hitches, President John Mahama, will on August 18, 2016 turn on the valves to symbolise the commencement of oil production at the Tweneboa Enyenra and Ntomme (TEN) oil field in the Deepwater Tano Block.
About 30,000 barrels of oil is expected daily from the first pump on the “Professor JEA Mills Floating Production Storage and offloading” vessel. This is expected to rise to 50,000 barrels by the close of the year.
An estimated 50 million standard cubic feet of gas is also expected from the field to boost power generation in the country.
Oil was first discovered at the TEN which covers an area of more than 800 square kilometres and located 20 kilometres west of the Jubilee Filed in 2009, two years after similar discovery in the Jubilee field. The operators of the field are Tullow, Kosmos Eenergy, Anadarko, Petrol SA and Ghana National Petroleum Corporation.
Briefing Journalists at Big Ada at the end of the mid-year review retreat of the Ministry of Petroleum, the Sector Minister said petroleum sector was strong, despite the challenges and assured constant supply of petroleum products in the country.
He said the ministry had achieved 90 per cent of its target at the mid-year review assessment adding “we are committed to end the year on a very strong note achieving all our targets.”
He said the Petroleum Commission was being strengthened to “police” the industry adding that the passage of the Petroleum (Exploration and Production) Bill that would, among others, boost local content to ensure that “Ghanaians are in the forefront of the industry.”
The mid-year review was attended by the Deputy Minister of Petroleum, Benjamin Dagadu, the Chief Director, Thomas Akabzaa and the chief executive officers of the agencies under the ministry including Ghana Gas Company, Ghana Cylinder Manufacturing Company (GCMC), Bulk Oil Storage and Transport (BOST), Tema Oil Refinery (TOR), Ghana National Petroleum Corporation (GNPC), National Petroleum Authority (NPA) and Petroleum Commission (PC).
In his remarks, George Sipa Yankey, the Chief Executive Officer of Ghana Gas said work on the gas pipeline was progressing steadily to ensure evacuation of gas from the oil fields to the power enclaves to boost power production.
He said the company was working closely with its partners to put in place the infrastructure “to provide enough gas to overcome the current power challenges, Ghanaians should enjoy stable power supply from now on…”
The Chief Executive Officer of the GNPC, Alex Mould said the first half of the year had been challenging for the corporation, but pointed out “we are working assiduously to find solutions and overcome the challenges.”
He said 100,000 barrels of oil was being pumped daily from the Jubilee Field assuring that “we have put a lot of measures to ensure sustainable production of petroleum product for the next half of the year.”
From Salifu Abdul-Rahaman, Ada