A statement released by Tullow Oil Plc on Thursday, operators of the TEN fields, said the first oil was reached on time and on budget.
According to the statement, oil production from the field is expected to ramp up gradually towards the FPSO capacity of 80,000 barrels of oil per day (bopd) through the remainder of 2016.
“Tullow estimates that TEN average annualised production in 2016 will be approximately 23,000 bopd gross (net: 11,000 bopd),” the statement said.
Tullow Oil Plc holds a 47.175 per cent stake of the TEN oil fields. Tullow’s joint venture partners are Anadarko Petroleum Corporation (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%) and PetroSA (3.875%).
(Selorm) | 
(Nana Kwesi)