Ghana

Tullow reduces oil production outlook again on Ghana faults

July 24, 2019 | Company Operations, Energy Trading & Markets, Ghana

London, UK | –  Tullow Oil reduced its 2019 production forecast for the second time in three months as technical glitches in Ghana continued to cast a shadow. Full-year output is now seen at 89,000 to 93,000 bpd, reflecting delays in well completion at the African country’s TEN project, Tullow said Wednesday. It’s a further setback for a company that relies on the continent for more than 90% of its revenue. “The main issue is down to these last couple of wells at Enyenra, which …

Italian Eni discovers new oil field offshore Ghana

May 10, 2019 | Exploration / Discoveries, Ghana, Offshore

Lagos, Nigeria | – Italian multinational oil giant, Eni, has made a significant gas and condensate discovery in the Cape Three Points Block Four (CTP-Block 4) offshore Ghana in the Western Region. The well, drilled on the Akoma exploration prospect, proved an estimated volume of between 550 and 650 billion cubic feet (bcf) of gas and 18 to 20 million barrels (mmbbl) of condensate. The discovery has further additional upside for gas and oil that require further drilling to be confirmed.   Eni said the …

Ghana set to double its total oil production to 420, 020bpd in 2023

February 22, 2019 | Development / Production, Ghana, Government & Regulations

London, UK |  – Mr Ken Ofori-Atta, the Ghanaian Minister of Finance has said the overall crude oil production from Ghana is expected to more than double over the next four years. “Overall, crude oil production is expected to increase from 196,089 barrels per day in 2019 to 420,020 barrels per day in 2023,” he said, adding that, the first oil from the Aker fields is expected between the last quarter of 2020 and first quarter of 2021. The Aker Energy ASA has confirmed a …

Tullow Oil expects to hit full output capacity at Ghana TEN field by 2020

August 23, 2018 | Company Operations, Development / Production, Ghana

London, UK | – Oil production from Tullow Oil’s offshore Tweneboa, Enyenra and Ntomme (TEN) Field in Ghana is expected to hit full output capacity of 80,000 barrels a day (bbl/d) by 2020, a local manager has said. TEN, with reserve estimates of 240 million barrels (MMbbl) of oil and associated gas of 60 MMbbl, produces about 56,000 barrels, external affairs director Cynthia Lumor told reporters in Accra. Tullow held back work at TEN, its second operation in the West African country, for nearly two …

Ghana names new Energy Minister

August 10, 2018 | Ghana, Government & Regulations, People on the move, Uncategorized

Accra, Ghana | – Ghanaian President Nana Akufo-Addo has appointed John Peter Amewu as the country’s new energy minister, international media reported Thursday. Minister Amewu previously served as minister of lands and natural resources, Reuters reported. He is replacing former Energy Minister Boakye Agyarko, who was sacked over a controversial power agreement with Africa and Middle East Resources Investment Group, local media reported earlier in the week.

TechnipFMC secures Ghana onshore facilities construction work

March 21, 2017 | Construction & Installation, Engineering, Ghana

Paris, France |  –  TechnipFMC, a global leader in oil and gas projects, technologies, systems and services has been selected as project manager for construction work on the onshore receiving facilities associated with Ghana’s Offshore Cape Three points project. In a statement on its website on Tuesday, the engineering major said it would be carrying out supply, construction and commissioning works for Eni Ghana E&P, a joint venture vehicle comprising Eni, Vitol Upstream Ghana and Ghana National Petroleum Corporation. The facilities, which will be located in …

Water injection delays slow ramp-up at TEN offshore Ghana

November 11, 2016 | Company Operations, Deepwater, Ghana

London, UK | – Current oil production from the Tullow Oil -operated TEN Development offshore Ghana is about 50,000 b/d. The first offtake of 650,000 bbl was completed last month. Commissioning of the oil production, gas compression, and water injection systems continues, with all systems set to be fully operational by year-end. However, production ramp-up has been slower than expected due to water injection commissioning taking longer than planned, limiting the volume of water injected to date. Tullow is addressing this situation and the system can now inject …

Tullow Oil says production vessel arrives in Ghana for field startup

March 05, 2016 | Company Operations, Ghana, Rigs & Vessels

London, UK | – Tullow Oil Plc, British independent oil explorer focused on Africa, said an oil production and storage vessel has reached Ghana for the scheduled start of output at its newest field in July or August. The floating production, storage and offloading vessel arrived on Wednesday, more than a month after leaving Singapore where it was constructed, according to an e-mailed statement. The vessel will now be connected to pipelines and other infrastructure at the offshore field. The shares gained. The startup of …