Work on the installation of equipment at the Jubilee Field for the commercial production of oil is 92 per cent complete, the Director of Exploration and Production at the Ghana National Petroleum Corporation (GNPC), Mr Thomas Manu, has said.
The few remaining installations, constituting eight per cent of the total work, will be completed by the end of this month.
At the moment, all the subsea production equipment has been installed on the sea bed by Technip.
Additionally, eight out of the nine flexible risers have been installed, giving high hopes to the country and the Jubilee partners that the first oil will flow in the last quarter of the year.
Speaking to the Daily Graphic, Mr Manu said the fixing of the production equipment on top of the wells was a good sign and an indication that the first oil would be produced this quarter.
He said work had progressed steadily according to plan and that at the moment the company doing the subsea installation was linking the risers from the seabed to the FPSO Kwame Nkrumah.
Mr Manu said after the installation, there would be a period of testing and inauguration of the equipment before the commencement of production.
Asked if the 120,000 barrels of oil a day would be produced from the initial stage, he said it would take some months to reach that target.
"It will be a gradual process before it is opened for the full production of our daily target of 120,000bd," he said.
Production is expected to double to 240,000 barrels a day after the completion of Phase II in 2014.
Ghana’s share, represented by the ,GNPC, is 13.75 per cent. Other partners in the project include Tullow Ghana, 34.70 per cent; Kosmos, 23.49 per cent; Anadarko, 23.49 per cent; Sabre, 2.81 per cent and the E. O. Group, 1.75 per cent.
http://www.graphic.com.gh/news/page.php?news=9896&title=Jubilee Field 92% Ready