Work on the TEN project offshore Ghana is now 30% complete, according to operator Tullow Oil in a mid-year update.
With the project still on target to deliver first oil mid-2016, Tullow said once onstream the field’s FPSO will be ramped up to produce 80,000 b/d by 2017. Development drilling at the three fields, Tweneboa, Enyenra and Ntomme, commenced earlier this year and eight of the first 10 development wells are due to be onstream at startup. “The overall cost of the development remains at around US $4.9 billion, excluding FPSO lease costs,” Tullow said.
“The project is progressing well with 30% now complete, all major contracts awarded, Tullow delivery teams in place and all work permits ready for installation works to begin in 2015. The conversion of the Centennial Jewel trading tanker into the TEN FPSO continues on schedule at the Jurong Shipyard in Singapore.”
By the end of the year Tullow expects the project to be 50% complete.
- Further ahead, Tullow has signalled plans for a final investment decision in 2015 in the West Cape Three Points license area offshore Ghana where it aims to tap the Teak, Mahogany-East, and Akasa fields, which are likely Jubilee tiebacks. First production from this cluster via possibly four to six wells is slated for some time between 2017 and 2021, Tullow indicated in its half-year update. “Development possibilities are under discussion with partners and Government,” it said. Appraisal activities will complete this year, with tie-back to Jubilee’s facilities “a likely plan”, it added.
Recommended Reading
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
Nebula Energy Buys Majority Stake in AG&P LNG
2024-01-31 - AG&P will now operate as an independent subsidiary of Nebula Energy with key offices in UAE, Singapore, India, Vietnam and Indonesia.