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Development okayed for oil finds off Ghana

Tullow Oil PLC and partners will install a floating production, storage, and offloading vessel and drill as many as 24 wells to develop the Tweneboa, Enyenra, and Ntomme oil discoveries in the Deepwater Tano Contract Area 60 km offshore Ghana (OGJ Online, Feb. 4, 2013).

The group has received government approval to proceed with the development, which Tullow calls TEN, about 30 km west of Tullow-operated Jubilee oil field.

Tullow expects production to begin in 2016 and reach a plateau rate of 80,000 b/d. The FPSO will be moored in 1,500 m of water.

Tullow, operator, has an equity interest of 47.175%. Other interests are Kosmos Energy and Anadarko Petroleum, 17% each; Ghana National Petroleum Corp., 15%; and Sabre Oil & Gas Holdings Ltd., a wholly owned subsidiary of Petro SA, 3.825%.


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