Name and Location
Tweneboa, Enyenra and Ntomme (TEN) project, Ghana.

Client
Tullow Oil. Other partners in the TEN project are the Ghana National Petroleum Corporation, Kosmos Energy, Anadarko Petroleum Corporation and PetroSA.

Project Description
The TEN project, located in the deep-water Tano contract area, 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, moored in about 1 500 m of water.

The project is expected to produce 80 000 bbl/d of oil.

Value
The project is estimated at $5-billion.

Duration
First oil production is expected in 2016.

The Ghana government approved the development plan for TEN in May 2013. It is expected to produce oil for about 20 years.

Latest Developments
Ghana's new oilfields are on schedule to start production next year as development has passed the half-way stage, lead operator Tullow Oil has said.

The offshore TEN project, which will have a peak production capacity of 80 000 bbl/d, is expected to cost close to $5-billion.

Tullow has reported that drilling of the first ten wells required for the start-up next year has been completed weeks ahead of schedule.

"The floating, production, storage and offloading vessel, which will receive and store the oil, is under construction in Singapore and remains on schedule to arrive in Ghanaian waters in February 2016," the company has said in a statement.

Ghana is currently in talks with the International Monetary Fund (IMF) about an assistance package to help fix its economic challenges, including high deficits and widening debt.

In addition to a potential IMF package, the government is hoping to use potential hydrocarbon resources to stabilise the economy and bolster growth.

Key Contracts and Suppliers
Technip (offshore installation contract).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Tullow Ghana, tel +233 302 742200, fax +233 302 742300 or email infoghana@tullowoil.com.
Technip public relations, Christophe Bélorgeot, tel +33 1 47 78 39 92, email press@technip.com.