Tullow’s TEN field records first oil

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OilandPower South-Sudan  2020

Tullow Oil CEO Aidan Heavet has announced that the first oil production from Ghana’s TEN field, being developed using the Professor John Atta Mills FPSO – is anticipated the early days of the month of August.

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This project according to Aidan has remained on schedule and on budget since the day the plan of development was signed. Adding that the benefits of last year’s cost-cutting program are evident in the financial results.

Cost reduction, according to email postings has been a generic buzzword amongst both oil companies and FPSO contractors since late 2014.

The company said a presentation from Teekay Offshore would spell out strategy to reduce FPSO base project costs by up to 50%, alongside a white paper from Lloyd’s Register on the application of risk-based inspection, RBI to cut costs through more streamlined inspections and testing.

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