{"id":466597,"date":"2018-02-22T13:11:02","date_gmt":"2018-02-22T13:11:02","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/22\/tullows-new-rig-heads-to-ten-fields-to-commence-drilling-of-wells\/"},"modified":"2018-02-22T13:11:02","modified_gmt":"2018-02-22T13:11:02","slug":"tullows-new-rig-heads-to-ten-fields-to-commence-drilling-of-wells","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/22\/tullows-new-rig-heads-to-ten-fields-to-commence-drilling-of-wells\/","title":{"rendered":"Tullow\u2019s new rig heads to TEN fields to commence drilling of wells"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Thursday, 22 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>thefinderonline.com<\/p>\n<p>2018-02-22<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/51877284.295.jpg\" alt=\"Tullow Ten Fields\" title=\"Tullow Ten Fields\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>Tullow Ghana Managing Director, Charles Darku<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1519305062_851_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Tullow Ghana says it has commenced the deployment of equipment to resume drilling of wells at the Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields.<\/p>\n<p>Late last year, Tullow and its Joint Ventures Partners secured the Maersk Venturer rig which will be used across the TEN and Jubilee fields.<br \/>&#13;<br \/>\nIt has been contracted for up to four years with favourable early termination provisions. <\/p>\n<p>The first well planned is a Ntomme production well in the TEN fields followed by a Jubilee production well located in the north-eastern area of the field. <\/p>\n<p>The oil giant confirmed to Business Finder that it has received approval from government to resume full drilling operations by the end of this month.<\/p>\n<p>Managing Director (MD) of Tullow Ghana, Charles Darku told this paper that an oil rig secured for that purpose had arrived in Ghana and \u201cis heading to site to start drilling.\u201d<\/p>\n<p><b>Tullow has excelled in the last 5years<\/b><\/p>\n<p>\u201cIt\u2019s been one of teamwork, I\u2019m quite hugely proud at what we\u2019ve achieved over the past five years, working with the team at Tullow Ghana and with key government agencies to nurture the oil and gas industry.<\/p>\n<p>What we have done shows for itself, gas supply into the economy, getting production up, getting TEN completed, getting the greater Jubilee plan approved are all big ticket items on their own which have helped the industry grow to the point where it is today,\u201d he added.<\/p>\n<p><b>Maritime boundary dispute<\/b><\/p>\n<p>A maritime boundary dispute between Ghana and Ivory Coast stalled work on the TEN fields for almost three years.<\/p>\n<p>However, the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) on September 23, 2017 ruled in favour of Ghana in the three-year-long maritime dispute between Ghana and C\u00f4te d\u2019Ivoire.<\/p>\n<p>The Chamber in a unanimous decision ruled that there had not been any violation on the part of Ghana on C\u00f4te d\u2019Ivoire\u2019s maritime boundary.<\/p>\n<p><b>New Maritime boundary dispute determined<\/b><\/p>\n<p>Ghana breathed a huge sigh of relief when new geographic coordinates set out by ITLOS in its ruling were plotted to set the single maritime boundary between Ghana and C\u00f4te d\u2018Ivoire and Ghana did not lose any portion of the TEN oil fields to C\u00f4te d\u2018Ivoire.<\/p>\n<p>The new geographic coordinates were plotted because the Court discovered that the geographic coordinates used by both Ghana and C\u00f4te d\u2018Ivoire were inaccurate.<\/p>\n<p>The Tribunal decided not to use either of the base points advanced by the two parties as the starting point on land for drawing the line into the sea.<\/p>\n<p>It, therefore, settled on what it called BP (boundary pillar) 55+ as the starting point for doing the delimitation just as Ghana had put forward.<br \/>&#13;<br \/>\nTEN oil production to average 56,000 bopd<\/p>\n<p>Gross production from the TEN fields exceeded initial guidance in 2017, averaging 56,000 bopd (net: 26,400 bopd). <\/p>\n<p>This strong performance was as a result of production and water injection optimisation which continues to be effective and the field performed consistently above 70,000 bopd during November and December 2017.<\/p>\n<p><b>24 wells for full field development<\/b><\/p>\n<p>The full field development of TEN consists of around 24 wells, comprising a mixture of water injection, gas injection and production wells.<br \/>&#13;<br \/>\nThe break down are; 11 oil producer wells, 10 water injection wells, 2 gas injector wells and one gas producer well.<\/p>\n<p><b>11 wells drilled so far<\/b><\/p>\n<p>However, prior to the ITLOS injunction on new wells, 11 wells had been drilled so far comprising five water wells, five oil wells and one gas injection well.<\/p>\n<p><b>13 wells to be drilled after ruling<\/b><\/p>\n<p>Now that the court case has been settled Tullow and its Joint Venture partners will have to drill the remaining 13 wells. <\/p>\n<p>They comprise six oil producer wells, five water injection wells, one gas injection well and one gas producer well.<\/p>\n<p><b>Tullow 2018 forecasts<\/b><\/p>\n<p>Tullow expects 2018 gross production from the Jubilee field to average 75,800 bopd (net: 26,900 bopd), which takes into account the planned shut-downs associated with the turret remediation work. <\/p>\n<p>Tullow\u2019s Corporate Business Interruption insurance cover, which compensates Tullow for lost production associated with the remediation works, is expected to reimburse Tullow 10,200 bopd of net production-equivalent insurance payments. Jubilee effective net production is therefore expected to average around 37,100 bopd for 2018.<\/p>\n<p><b>TEN shareholders<\/b><\/p>\n<p>The shareholders in the TEN project are Tullow \u2013 47.185%, Ghana National Petroleum Corporation (GNPC) \u2013 15%, Kosmos Energy \u2013 17%, Anadarko Petroleum Corporation \u2013 17%, and PetroSA &#8211; 3.815%.<\/p>\n<p>TEN is expected to produce about 300 million barrels of oil, equivalent to 20 years lifespan of the project, and 80% of the oil would be gas.<\/p>\n<p><!-- uploaded by: 38 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Thursday, 22 February 2018 Source: thefinderonline.com 2018-02-22 Tullow Ghana Managing Director, Charles Darku Tullow Ghana says it has commenced the deployment of equipment to resume drilling of wells at the Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields. Late last year, Tullow and its Joint Ventures Partners secured the Maersk Venturer rig which will be [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":466598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-466597","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/466597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=466597"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/466597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=466597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=466597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=466597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}