TEN Project Operational Update
Wednesday 11 January 2017
Following first oil from TEN in August 2016, the oil production, gas compression/injection and water injection systems were commissioned and are now operational. In early January 2017, the capacity of the FPSO was successfully tested at an average rate of over 80,000 bopd during a 24 hour flow test.
Gross annualised working interest production in 2016 averaged 14,600 bopd (net: 6,900 bopd), in line with latest guidance.
Production testing and initial results from the 11 wells indicate reserves estimates for both Ntomme and Enyenra to be in line with previously guided expectations. However, due to some issues with managing pressures in the Enyenra reservoir and because no new wells can be drilled until after the ITLOS ruling later this year, Tullow plans to manage the existing wells in a prudent and sustainable manner. As a result, Tullow expects production from TEN to be around 50,000 bopd (net: 23,600bopd) in 2017, although work continues to consider ways to increase production in 2017.
Gas production from the TEN fields is currently being re-injected, with gas export expected to commence later in 2017.
Proceedings at ITLOS, with regard to the maritime border dispute between Ghana and Côte d’Ivoire continue, with oral hearings expected 6-17 February 2017, and a final ruling anticipated in the fourth quarter of 2017.