Tullow Oil will drill new wells and increase the output at its TEN field off Ghana to 80,000b/d, Petroleum Africa reported.
According to Reuters, Tullow’s Managing Director in Ghana, Charles Darku, announced that the boost in production will occur once the country resolves its maritime dispute with Ivory Coast.
Darku said that Tullow will also invest in exploring possible new Ghana reserves in addition to its Jubilee and TEN fields .The International Tribunal for the Law of the Sea is set to rule on the maritime border dispute in the coming months.
“We are looking to the Ghana government to reach a resolution on that to enable us immediately to resume drilling new wells as planned in order to boost production to the plateau of 80,000b/d,” Darku told Ghanaian shareholders in Accra.
The offshore TEN field, comprising the Tweneboa, Enyenra, Ntomme blocks, poured its first oil in August last year and the partners say they need to drill at least six more wells to reach its potential.
Datku noted that the Production at Ghana’s flagship offshore Jubilee field stands at around 100,000b/d.
Ghana is aiming to use the increased oil and gas output in order to boost its gross domestic product and create jobs.