President John Dramani Mahama will, today, turn the valve on the Floating Production Storage and Offloading Vessel (FPSO) John Evans Atta Mills for oil production to officially begin in the Tweneboa, Enyenra and Ntomme (TEN) fields.
The President would perform the ceremony offshore on the FPSO and also open a Subsea Well Choke, while unveiling a plague to commemorate the occasion.
A statement signed and issued by the Head of Communications at the Ministry of the Petroleum, Edward A. Bawa said the event would be climaxed by a grand durbar of chiefs and people of the Western Region at Takoradi.
The TEN Project is a joint venture, led by Tullow Oil with a stake of 47.185 per cent. Other partners include Kosmos Energy, Anadarko Petroleum Corporation, Ghana National Petroleum Corporation and Petro SA, with a stake of 17, 17, 15 and 3.815 per cent respectively.
The project derived its name from the three fields-Tweneboa, Enyenra and Ntomme (TEN)- which lie around 60 kilometres off the coast of the Western Region.
The full field development would consist of 24 wells in total, a mixture of water injection, gas injection and production wells. At start-up, 10 wells would be required and these had already been drilled.
FPSO John Evans Atta Mills had been anchored over the fields with a significant amount of subsea production equipment installed on the seabed.
TEN is expected to produce about 300 million barrels of oil equivalent (mmboe) over a 20 year period, 80 per cent of which is oil and 20 per cent gas.
The field would produce 80,000 barrels of oil and 180mm scf of gas per day when it reaches full production.
With additional gas coming on stream, Ghana would be aiming at achieving the target of 80 per cent of her thermal plants being gas-based generation and therefore assuring some level of fuel security going forward.
The statement said a key focus of government had been the active participation of Ghanaians across the entire petroleum sector value chain, adding “it was for this reason that, government ensured that the TEN Partners maximised local content throughout the project before approving the Plan of Development (PoD).”
It said TEN Project contractors were required to submit a comprehensive local content plan as part of their bids for contracts, outlining how they would maximise the amount of work undertaken in Ghana and ensure training of Ghanaians.
By Times Reporter