WELCOMING THE FIRST OIL FLOW FROM TEN

Like a newborn baby, Ghana last Thursday, welcomed the first oil flow from the Tweneboa Enyera Ntomme (TEN) fields with joy.

The President, John Mahama, symbolically turned on the value of the Floating Production Storage Offshore Facility (FPSO) Prof. John Atta Mills, to signify the flow of the first oil from the TEN fields.

Significantly, the TEN fields is the second major oil field after jubilee field to produce oil in commercial quantities in the country.

It is estimated that the initial oil production would be 80,000 barrels per day, with gas processing capacity of 170, MM scf/d, and water injection of 132,000 bwpd.

The TEN fields lie in the Deep water block 60 kilometres offshore in the Western Region of Ghana and spread across an area more than 500 square kilometres, about 20 kilometres to the West of Tullow Jubilee fields.

The partners in the latest deep sea exploration include Tullow Oil, Ghana National Petroleum Corporation, Kosmos Energy, Anadarko Petroleum Corporation and Petro SA.

The partners, including the government, and particularly, the Minister of Petroleum, Mr. Emmanuel Kofi Armah-Buah must be highly commended for the historic development and exploration of a second major oil field in the country.

Of course, we also pay tribute to all the past leaders of the country who worked tirelessly to ensure that oil exploration was carried out in the country.

Exploration in commercial quantities could not have been possible without the positive roles played by various heads of State since Dr. Kwame Nkrumah.

We admit that the journey has not been smooth, a lot of resources have been committed to the exploration throughout the period.

Many people have died, other suffered injuries, physical and emotional injuries in the overall effort to discover and exploit oil resources.

These people are the real heroes.  They are the ones we should be thankful for and remember as we rejoice over the beginning of oil flow from the TEN oilfields.

It has not been aN easy road.  Indeed every Ghanaian must be proud that the country has come this far in its quest to exploit the oil resources of the country.

Thankfully, the country has enacted laws and put in enough regulations to ensure that revenue from oil exports are properly managed and used judiciously.

So far, since the first flow of oil began in December 2010, Ghana has worked hard to ensure that it benefitted from the hydro carbons by using it to generate power for domestic consumption.

Perhaps the absence of the hydrocarbons for energy generation, could have worsened the energy crisis the country went through.

The happy news is that the TEN field is going to provide additional 60 million standard cubic metres of gas for the power sector to boost power generation.

We are excited about the prospects of additional oil field and the benefits it brings as the country inches closer to becoming a major oil exporting country.

We all have cause to jubilate about the oil flow from the TEN fields and commend the partners as well as the Ministry of Energy, for all the efforts made to make the dream come true.

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