Tullow Oil has today said that its Tweneboa, Enyenra, and Ntomme fields development, offshore Ghana, is progressing well and is half way there.
The project known simply as TEN, is over 50 percent complete, and according to Tullow, it is expected to produce first oil in mid-2016, as originally planned.
The development, approved in 2013, includes the drilling and completion of up to 24 development wells which will be connected through subsea infrastructure to a floating, production, storage, offloading (FPSO) vessel.
The FPSO, to be provided by Japan’s Modec, is under construction in Singapore. The work, undertaken by Jurong Shipyard , will see the ‘ Centennial Jewel ’ tanker converted into the TEN FPSO.
Tullow says that the conversion of what will be Ghana’s second FPSO, continues on schedule.
Also, the company added that the overall gross capex cost of the development remains at $4.9 billion, with separate FPSO lease costs .Total gross capex to first oil is expected to be $4billion. Net capital expenditure from January 2015 to first oil in mid-2016 is expected to total $1.4 billion.
The TEN Project is located in the Deepwater Tano Contract Area, 60 kilometres off the coast of Ghana and around 30 kilometres west of the Tullow-operated Jubilee Field.
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Offshore Energy Today Staff