Tullow announces first oil from TEN fields

Crude oil began flowing from Tullow Oil´s TEN fields offshore Ghana on time and on budget.

First oil had started being pumped to its floating production offtake vessel Prof. John Evans Atta Mills from the Tweneboa, Enyenra, Ntomme (TEN), the company said in a statement.

Significantly, the project was thus far running both on schedule and within budget.

Oil production from TEN would now rampo-up gradually towards the FPSO´s capacity of 80,000 barrels of oil per day throughtout the remainder of 2016, Tullow said.

The oil exploration and production outfit had projected average annualised production from TEN in 2016 would reach roughly 23,000bopd gross or 11,000 bopd on a net basis.

Tullow was the operator of the TEN fields but only held a 47.175% stake.

Its joint-venture partners were Anadarko Petroleum Corporation (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%) and PetroSA (3.875%).