- Oil production from Tullow Oil’s (OTCPK:TUWOY, OTCPK:TUWLF) offshore TEN field in Ghana is expected to hit full production capacity of 80K bbl/day by 2020, a local manager says, from ~56K currently.
- Tullow held back work at TEN, its second operation in the country, for nearly two years due to a maritime border dispute between Ghana and Ivory Coast, which favored Ghana in a ruling last year by an international tribunal.
- Since the ruling, Tullow has added one more well to bring its total to 11 and plans to drill more to boost production towards a plateau in 2020, the manager says.
- Anadarko Petroleum (NYSE:APC), Ghana National Petroleum and Petro SA also have stakes in the TEN project; the group also operates Ghana’s 120K bbl/day Jubilee offshore oil field.