British oil producer and lead operator on Ghana’s largest oil field, the Jubilee oil fields, says, so far, over 10 million barrels gross has been produced from the field.
In its trading statement and operational update issued Tuesday July 5, 2011 and copied to ghanabusinessnews.com, announcing the volume of production, the oil company said the statement and update in respect of the first half of 2011 financial year ended June 30, 2011 has not been audited and it is subject to further review.
According to Tullow Oil, this is in advance of the Group’s Half-Yearly Results, which are scheduled for release on Wednesday 24 August 2011.
The Jubilee field, it says, currently produces 80,000 barrels of oil per day (bopd) with ramp up to 120,000 bopd expected to be reached in August.
Commercial production of oil in the Jubilee field begun on December 15, 2010.