President Mahama has indicated that the Floating, Production, Storage and Offloading (FPSO) Atta Mills’s vessel would create more jobs and increase local content to the benefit of Ghanaians.

Addressing a gathering of enthusiastic Ghanaians and other dignitaries after turning the valve of the FPSO Atta Mills, the president said “note specifically the local content in these projects continue to increase compared to Jubilee which was a very fast tracked development.

“We didn’t have an eye for local content but in this particular one, it’s been quite deliberate, quite focused and much of the work that went into this FPSO were done in Ghana.”

The TEN Project is a joint venture led by Tullow Oil with a stake of 47.185 per cent. The other partners and their percentage shares are: Kosmos Energy,17, Anadarko Petroleum Corporation,17, Ghana National Petroleum Corporation,15, and PetroSA, 3.815.

The project derives its name from the three fields, Tweneboa, Enyenra and Ntomme (TEN), which lie around 60 kilometres off the coast of the Western Region, Ghana.

The full field development will consist of 24 wells in total – a mixture of water injection, gas injection and production wells. At start-up, 10 wells will be required and these have already been drilled. FPSO John Evans Atta Mills has been anchored over the fields with a significant amount of subsea production equipment installed on the seabed.

TEN is expected to produce about 300 million barrels of oil equivalent (mmboe) over a 20 years period, 80% of which is oil and 20% gas. The field will produce 80,000 barrels of oil and 180mm scf of gas per day when it reaches full production.

By Martin Asiedu-Dartey|3news.com|Ghana
Twitter: @3newsgh