The operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, Tullow Ghana Limited (TGL), has announced the oil company has achieved a significant milestone of 300 million barrels of oil production from the Jubilee oil field.
This implies that the field went from discovery to First Oil in 40 months; a feat which is attributed to the support of the Ghanaian government and the efforts of the oil company.
Tullow and its partners have invested $10.8 billion from 2007 to 2019 in the Jubilee Field and will continue to invest in the hydrocarbon resources in Ghana. In the first half of 2020, Jubilee production averaged 84,700 bopd, and TEN production averaged 50,900 bopd with facility uptime on both FPSOs over 95%.
In a statement by the company, it read: “Tullow and its partners GNPC, Kosmos, Anadarko and Petro SA, are proud to be part of Ghana’s remarkable Jubilee story.”
Commenting on the remarkable achievement, the Chief Executive Officer of Tullow Oil Plc, Rahul Dhir said, “reaching 300 million barrels of oil produced from the Jubilee field is a significant moment for Ghana and for Tullow Oil.”
“This could not have been achieved without the hard work and dedication of our employees and contractors and support from and close co-operation with the Government of Ghana and our Partners.”
“Tullow Ghana thanks all stakeholders including the Government of Ghana, its Joint Venture Partners, Contractors and Suppliers, its host communities, its staff and the people of Ghana for their collaboration and support in reaching this important milestone.”