LONDON – Tullow Oil has confirmed that it is fully funded to meet its commitments for the deepwater Tweneboa-Enyenra-Ntomme (TEN) development offshore Ghana.
TEN is on budget to deliver first oil in mid-2016, Tullow added – the projected cost is around $4.9 billion.
The MODEC-supplied FPSO for the development, constructed in Singapore, was named Prof. John Evans Atta Mills by Ghana’s First Lady Dr. Lordina Mahama, ahead of sail away at the end of this year.
The 340-m (1,115-ft) long, 56-m (184-ft) wide vessel is designed to produce 80,000 b/d of oil, with gas processing capacity of 170 MMcf/d, and storage for 1.7 MMbbl of oil. It will be anchored in 1,425 m (4,675 ft) of water.
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