President John Dramani Mahama is scheduled to turn the valve on the Floating Production Storage and Offloading Vessel (FPSO) John Evans Atta Mills to officially commence production of oil in commercial quantities from the Tweneboa, Enyenra and Ntomme (TEN) Fields.

The president, to be accompanied by Minister of Petroleum Emmanuel Armah-Kofi Buah, will carry out the exercise offshore.

President Mahama will also be opening a Subsea Well Choke, unveiling a plaque to commemorate the event.

A statement issued by the Head of Communications at the Ministry of Petroleum said a grand durbar of chiefs in the Western Region will be held in Takoradi after the offshore gesture.

“Government will continue to work assiduously to ensure that our hydrocarbon find becomes a blessing and not a curse,” Edward Bawa’s statement on Wednesday, August 17 said.

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.

Source: 3news.com|Ghana

Twitter: @3Newsgh