President John Mahama is set to commission the FPSO Professor John Evans Atta Mills to commence oil production from the Tweneboa-Enyenra-Ntomme(TEN)fields.
The Tweneboa-Enyenra-Ntomme, Ghana’s second oil reserve is expected to produce between 20,000-23,000 barrels of oil per day.
The TEN Project is a joint venture led by Tullow Oil with a stake of 47.185%. The other partners: Kosmos Energy, Anadarko Petroleum Corporation, Ghana National Petroleum Corporation and PetroSA have a stake of 17%, 17%, 15% and 3.815% respectively.
TEN is expected to produce about 300 million barrels of oil equivalent (mmboe) over a 20 year period, 80% of which is oil and 20% gas. The production is expected to reach 100million standard cubic feet of gas per day by 2032.
With additional gas coming on stream, the Ghana National Petroleum Corporation(GNPC) hopes to consolidate oil investment to make Ghana the oil hub of the West African Sub region.