Ghana's Oil Field Image: ghanasky.com

Ghana’s Oil Field Image: ghanasky.com

Ghana’s President, John Mahama, says a maritime boundary dispute with Ivory Coast had affected the development of Ghana’s new Tweneboa-Enyenra-Ntomme (TEN) oil field.

Mahama said late Thursday that Ghana was nonetheless committed to a peaceful resolution of the dispute.

He was speaking shortly after an opening ceremony for Ghana’s second commercial crude oil field in the western city of Takoradi.

“The maritime boundary dispute had impacted TEN development activities in the disputed area as the provisional measures order from the international tribunal included an order prohibiting new oil wells in the field.

“We remain committed to a peaceful resolution of this dispute, and we look forward to the final resolution of this matter sometime next year,’’ Mahama said.

Joe Mensah, Vice-President and Country Director for American oil exploration company, KOSMOS Energy, had said last week that the Floating Production Storage and Offloading Atta Mills, which would be used on the TEN field, was designed for a capacity of 80,000 barrels of oil per day (80,000 bpd).

Production between first oil in August 2016 and the end of this year was expected to be 23,000 bpd.

The government of Ghana has operating interest of 15 per cent with the other partners holding the balance.

They are Tullow Oil, 47.18 per cent; Kosmos Energy, 17 per cent; Anadarko, 17 per cent; and Petro S.A, 3.82 per cent,’’ he said.

Mensah indicated that the associated gas produced from TEN would be re-injected into the Ntomme reservoir gas cap until gas export due to begin in 12 months after field start-up begins.

The TEN field discovery was made in 2009 and a Plan of Development was approved in 2013.

Author: Cerebral Lemon