That would make 80,000 additional Barrels of oil per day (bopd) available to Ghana by the end of the year.
“The TEN Project remains on schedule and within budget. The project is now over 96 percent complete and is expected to deliver first oil within the next three to six weeks,” Tullow said in its operational update and trade statement on Thursday.
However, due to the maritime boundary dispute between Ghana and Cote d’Ivoire, drilling is not expected to recommence on the TEN field until the International Tribunal on the Law of the Sea makes its final determination on the case by late 2017.
In the operator’s estimation, TEN average annualized productions in 2016 will be around 23,000 bopd gross or a net of 11,000 bopd for the company. Enditem