Tullow Oil UK (TUWOY)

[geodan]

3 Days to Go! The TEN project, which will produce its first oil on August 18, 2016, will begin the production of gas in the first quarter of 2018.

Moreover, work on the onshore gas reception facility for the ENI integrated Offshore Cape Three Points (OCTP) project at Sanzule in the Ellembelle District in the Western Region was also on course, he said.

The facility, which has the capacity to produce 180 million standard cubic feet per day (mscf/d), sufficient to generate about 1,000 megawatts (MW) of power, comes with additional oil production of about 45,000 barrels per day.

The US$7.9-billion investment project will ensure reliability of power generation to feed industry and commerce.

The ENI and its partners are hoping to pour the first oil in August 2017 and first gas in February 2018.

Additionally, plans are advanced for the expansion of Ghana’s gas infrastructure.

The Minister of Petroleum said Ghana had learnt its lessons from the challenges faced with the supply of gas from Nigeria.

He was reluctant to state the quantum of Ghana’s indebtedness to N-Gas but stated that the Ministry of Finance had worked out a payment plan which had been agreed on by the parties.