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Gas from TEN field to be ready March 2017
The Minister of Petroleum Emmanuel Armah Kofi Buah made this known at a press conference Monday.
Emmanuel Armah Kofi Buah
"Early first quarter of next year, we are going to produce at least 30 milllion standard cubic feet of gas from TEN to ensure continuity of power plant being produced," the petroleum minister said. "I think that the major other projects that is online that is already in construction phase and a lot progress is being made which is also going to be delivered by 2018 giving us almost 180 million scf."
"It means that we are gradually, steadily producing enough gas to meet not only our power demand but inching the quantum for industrialisation, for industries that has eluded as for long."
The minister's comments came almost a week after the start of oil production from TEN.
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The TEN Oil field will produce 23, 000 barrels of oil daily till the end of the year. However, Production will gradually increase as more wells are brought on board in the coming weeks to 80,000 barrels per day.
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The $4.8 billion project is expected to produce oil for at least 25 years, which will mean about 300 million barrels of oil is expected.
Boundary dispute
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In a speech after turning on the valves on the $1 billion Floating Production, Storage and Offloading (FPSO) vessel, the Prof John Evans Atta Mills, for commercial oil production to begin from the TEN Oil field last Thursday, president Mahama said a boundary dispute with Invory Coast affected new oil wells development.
He nonetheless said Ghana was committed to peaceful resolution of the dispute.
"The maritime boundary dispute had impacted TEN development activities in the disputed area as the provisional measures order from the international tribunal included an order prohibiting new oil wells in the field," President Mahama said on Thursday.
"We remain committed to a peaceful resolution of this dispute, and we look forward to the final resolution of this matter sometime next year."
The TEN project showcase is a joint-venture partnership between Tullow, Kosmos Energy, Anadarko Petroleum, Petro SA and the GNPC.
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