President John Dramani Mahama at exactly 11.20am yesterday, performed the ceremonial turning-on of the production valve of the Floating Production Storage Offshore Facility (FPSO), Prof. John Atta Mills, to signify the pouring of the first oil from the Tweneboa Enyerra Ntomme (TEN) Fields, declared that the future is bright.”
Accompanied by the TEN Project Director, Terry Hughes, he also opened the Subsea Well Choke and unveiled a plaque to commemorate TEN’s first oil in the Mess Room on the FPSO.
Later, he held discussions with the FPSO staff.
The marking of the first oil on FPSO Atta Mills followed the approval of the TEN Development Plan by the government in May 2013. The historic feat was achieved after nearly 28 million man-hours of work delivered on schedule this month.
The full field development consisted of 24 wells including a mixture of water injection, gas injection and production well, which were connected with the FPSO through subsea infrastructure. Indeed, 10 wells were required for the first oil.
The TEN partners estimated the production capacity of FPSO at 80,000 barrels per day, gas processing with compression capacity of 170, MMscf/.d, water injection of 132,000 bwpd, oil reserves being developed comprised 240 mmbo, and gas reserves at 60 mmbe.
The TEN Fields lie in the Deep Water Tano block around 60 kilometres offshore Western Ghana,and spread across an area more than 500 square kilometers, around 20 kilometres to the west of the Tullow Jubilee Field. Again, the reserves lie in water depths ranging from 1,000 to 2,000 metre.
The Partners include Tullow Oil (47.175 percent), Ghana National Petroleum Corporation (15 per cent), KOSMOS Energy,( 17 per cent), Anadarko Petroleum Corporation(17 per cent) and Petro SA ( 3.825 per cent).
Interacting with the team of Partners, including Tullow’s Chief Executive Officer Aidan Heavy and Managing Director Charles Darko, with the Minister of Petroleum, Mr. Emmanuel Armah-Kofi Buah, and Minister of Finance, Seth Terpker, in attendance, President Mahama applauded the collaboration and partnership among the team, saying the enterprise was symbolic and significant.
Recognising that the journey had been a long one he said, “It is a very fruitful one.”
“It is a happy one and has come at the right time. Ghana’s future is bright, despite the global downturn and setbacks,” he again noted.
Addressing the guests later after touch-down at 12.17pm at the Airforce Base, President Mahama described the pouring of the first oil as great leap for Ghana and the Partners, saying it was also significant in the country’s march to be counted among oil producers.
He told the gathering that the event was another giant step and a major plus in the production of hydro-carbons in the country, and thanked the chiefs and people of the Western Region for supporting the government to achieve the feat.
He acknowledged that since the flow of oil began in December 2010, Ghana had worked assiduously to ensure that it benefited from the hydro-carbons, noting that TEN was gifted with gas reserves of about 60 million standard cubic meters.
He applauded the late President Mills for the roles he played in developing the fields and the partners and others for the efforts in ensuring that cost was managed and savings made, remarking that this was achieved through the strong bond of friendship, trust and team work among them.
Looking into the future with excitement, the President hoped that the ENI-Sankofa Project,with a capital investment of $7billion would power the prospect for the future by 2018, to tap the oil and gas potentials for the country to gain the desired energy security and also transform the local economy during his second term of office.
The strategy, he argued, was to tap the energy potentials with the private sector and with the SMEs adding value and changing the face and profile of the economy of Ghana.
On the issue of local content he said, “So far, about 7,000 jobs in local contracts of about $1billion had been created”.
The acting President of the Western Regional House of Chiefs, Nana Akwasi Agyeman IX, described the event as historic for the country and the region, adding that “it was a blessing for the country”.
From Clement Adzei Boye, Takoradi