Mahama opens TEN field for oil production today

Mahama opens TEN field for oil production today

The new John Evans Atta Mills FPSO is expected to be turned on by President Mahama today, August 18.

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The will see the Tweneboa, Enyera and Ntomme (TEN) Oil field on which the new vessel Atta Mills FPSO sits produce between 20,000-23,000 barrels of oil per day.

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The TEN Project is a joint venture led by Tullow Oil with a stake of 47.185%. The other partners: Kosmos Energy, Anadarko Petroleum Corporation, Ghana National Petroleum Corporation and PetroSA have a stake of 17%, 17%, 15% and 3.815% respectively.

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What this means is that Ghana could become the second largest oil producer in West Africa by the end of 2016.

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