The Government of Ghana has formally approved the Development Plan for the Tweneboa-Enyenra-Ntomme Development (TEN Project). The approval paves the way for Tullow and its partners, Kosmos Energy, Anadarko Petroleum, PetroSA and the Ghana National Petroleum Corporation, to proceed with the development of these discoveries.
The TEN Project is located in the Deepwater Tano Contract Area, 60 km off the coast of Ghana and approximately 30 km west of the Tullow Operated Jubilee Field. The TEN Project is expected to deliver first oil in 2016, with a plateau production rate of 80,000 bbl/d. Development of the TEN Project will require the drilling and completion of up to 24 development wells which will be connected through subsea infrastructure to a Floating, Production, Storage and Offloading vessel (FPSO).
Tullow is Operator of the Deepwater Tano Contract Area with an equity interest of 47.175%. Other partner interests are Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings Ltd, a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).