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Tullow To Secure Licence

  • SOURCE: | qwesa2big
  • TULLOW is to apply for a new licence to embark on deep water exploration in the Keta area, the Chief Executive Officer (CEO) of Tullow Oil, Mr Aidan J. Heavey, has said.

    Speaking in an exclusive interview with the Daily Graphic in Cape Town, South Africa, he said Ghana would receive another FPSO in the next 18 months with a target to process additional 100,000 barrels of oil a day. That is expected to bring total oil production a day to 220,000 barrels with the combined effort of FPSO Kwame Nkrumah.

    Currently, a team of experts are working on the design of the US$2 billion facility in Singapore.

    Mr Heavey said while putting the design in place Tullow was in the process of getting the surface equipment prepared and laying of pipes in the sea floor at the jubilee field ahead of the arrival of the new FPSO.

    Mr Heavey Aidan is one of the delegates attending the’ 19th upstream conference on oil and gas in Cape Town, South Africa organised by the Global Pacific & Partners, an independent advisory group with unique business model in worldwide petroleum

    “We are still expecting to push production up with two FPSOs because Ghana has a lot to be proud of. Every country is looking at Ghana,” he said, and advised Ghanaians to be patient with the government, since the impact of the oil revenue was not immediate.

    “It takes time for the oil revenue to seep down to the ordinary man and, therefore, it is important for Ghanaians to exercise patience with their government,” he explained.

    Mr Heavey stated that Tullow would submit a new plan, known as the Tweneboa-Enyenra-Ntomme (TEN) Cluster Development Plan, to the government which would set a road map for the company to proceed with its exploratory activities in the next few days.

    Throwing more light on the plan, he said in 2011 significant progress was made in the programme of appraisal drilling and flow testing of theTO fields.

    “Tullow anticipates developing the three accumulations in an integrated cluster development scheme using a single FPSO”.

    The CEO explained that the appraisal programme started in January 2011 with the drilling of the Tweneboa-3 well comprising two deviated exploratory boreholes drilled into the Ntomme prospect.

    He expressed optimism that once the plan was approved, more oil would be discovered in other parts of the country in the next 36 months as more exploratory wells were being drilled.

    Ministry of Energy

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