President John Mahama will today turn the valves of the FPSO John Evans Atta Mills to mark commercial production of oil from the Tweneboa, Enyera and Ntomme (TEN) oilfield.
The TEN project is a joint venture led by Tullow Oil with a stake of 47.185 percent. The other partners; Kosmos Energy and Anadarko Petroleum corporation holds 17 percent, respectively, Ghana National Petroleum Corporation holds 15 percent while PetroSA also holds a stake of 3.815 percent.
Speaking to the issue in an interview on Peace FM morning show ‘Kokrokoo’, the Minister for Petroleum, Emmanuel Armah-Kofi Buah, who will be accompanying the President, said TEN fields, which is in Ghana's second oil reserve, on which the FPSO Atta Mills sits, is expected to produce between 20,000-23,000 barrels of oil per day.
The new find according to the Minister is expected to produce 80,000 barrels of oil per day.
According to a statement from the Ministry of Petroleum, with the additional gas coming on stream, Ghana will be heading towards achieving the target of 80 percent of her thermal plants being gas-based generation.
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