Kosmos Energy Ltd. announced that the Government of Ghana has formally approved the Plan of Development ('PoD') for the Tweneboa-Enyenra-Ntomme ('TEN') discoveries. Approval of the PoD paves the way for Kosmos and its co-venturers, Tullow Oil, Anadarko Petroleum, PetroSA, and the Ghana National Petroleum Corporation to proceed with the development of the discoveries, with associated major contracts expected to be finalized and subsequently awarded.

The TEN project is located in the Deepwater Tano Block, 60 kilometers (37 miles) offshore Ghana and approximately 30 kilometers (18 miles) west of the Jubilee Field. The TEN project is expected to deliver first oil in 2016, with a plateau production rate of 80,000 barrels of oil per day. Future development of gas resources at TEN is anticipated following the commencement of oil startup.

Tags: Kosmos Energy