Tag: TEN oilfields
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Anadarko-Total SA deal must not pass until outstanding taxes are paid- RM-Africa
A group known as Revenue Mobilization – Africa (RM-Africa), is urging the government of Ghana to ensure that all taxes owed by Anadarko are fully settled before the company is allowed to sell off its stake in the Jubilee and TEN oilfields to Total SA. Anadarko, which currently has a 24 percent stake in the…
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Tullow Oil shuts down TEN FPSO for maintenance
Tullow Oil has announced a twelve day shutdown of the Floating Production Storage and Offshore (FPSO) operating on the TEN oilfields in the Western region. The exercise commenced on Monday (April 22, 2019) and it is to end on Thursday (May 2, 2019). A statement from Tullow to Citi Business News said the move is…
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Tullow records 1.8 billion dollars in revenue for 2018
Tullow Oil’s 2018 revenue reached 1.8 billion dollars, according to its January Trading Statement released on Wednesday, January 16, 2018. The oil company also recorded additional proceeds of 0.2 billion dollars from Corporate Business Interruption insurance. Again, the Trading Statement said that Tullow’s net debt at the end of 2018 is estimated at 3.1 billion…
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FPSO shuts down for three weeks
Operators of the FPSO Kwame Nkrumah on the Jubilee oilfields in the Western region, have from today May 28, 2018, shutdown the vessel temporarily. The shutdown, according to the Ghana National Gas Company is to allow for maintenance works on the turret bearing of the vessel. The shutdown is also expected to last for 21…
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Tullow to spend $780m on new wells on TEN oilfields
Tullow has disclosed to Citi Business News that it will cost the company about seven hundred and eighty million dollars ($780,000,000) to construct the remaining wells on its TEN oilfields. Tullow has so far completed one of the thirteen wells to be drilled on the oilfields in the western region. The Maritime border dispute between…
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TEN to produce first gas mid 2017
The TEN oilfield is expected to deliver its first gas to the Ghana Gas Company by the middle of 2017. This is the indication from Managing Director of Tullow Ghana, Charles Darku. It follows the completion of a tie in facility on the FPSO John Evans Atta Mills by the operators. This however comes later…
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Tullow reduces 2017 oil output by over 5000 barrels
Tullow Oil has cut down its 2017 oil projection from Ghana’s Jubilee oilfields by 5200 barrels. The figure has dropped from 73,700 barrels in 2016 to 68,500 barrels. This was contained in the company’s 2016 financial statement released on Wednesday, February 8, 2017. Tullow’s profits however dropped by eight percent between 2015 and 2016. The…