Companies

Ghana : Jubilee field beats production expectations in 2015 – Tullow Oil

Thursday, 11 February 2016 15:11

In Ghana, Tullow Oil and its partners on the Jubilee field witnessed a 102,600 bpd production from the field in 2015.

A steady rate of gas was reached after the commissioning of the onshore gas processing plant in March 2015, averaging 90 Mmscfpd in Q4 of 2015.

Tullow, predicts the field’s average production for this year to be about 101,000 bpd gross, indicating the effect of a two week closure of the FPSO for maintenance planned for March and a period of lesser water injection capacity during H1 of 2016 which is being looked into.

The partners drilled and completed the Jubilee Phase 1A with two oil producers approaching operations in September and December and also spud a water injector which is yet to be completed. The partners had presented the Greater Jubilee Full Field Development (GJFFD) Plan in December and are holding talks with the government concerning its progress.

The GJFFD is aimed at extending field production and increasing commercial reserves. The plan has been rewritten due to the current environment so as to lessen the total capital obligations and permit suppleness in the timing of the capital investment.

According to Petroleum Africa, as Tullow looks to certify maximum return on investment from the oil field in 2016 and beyond, a persistent focus on the opportunity to cut expenses as well as the cautious balancing of future capital investment initiatives which includes infill drilling as part of the GJFFD, will be important to the company.

Anita Fatunji  

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