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Jubilee Field Pumps 30million Barrels

  • SOURCE: | Editor
  • Crude oil lifted from Ghana’s Jubilee Field, over the weekend
    crossed over the 30-millionth barrel of Jubilee Oil, since the field started
    production on November 28, 2010.

    The 30 millionth barrel pumped from
    the field was reached following the successful lifting of the 31st cargo of
    about 990,000 barrels of the light sweet crude oil from the field by Anadarko
    & Sabre Oil and Gas Limited , bringing the total crude lifted from the
    field to over 30,300,000.

    Jubilee operator Tullow Oil’s
    lifting of 996,358 barrels on 2nd March, 2012 brought the total lifting to
    29,327,955 and with a favourable world crude price hovering above the $120.00
    per barrel mark, partners have been lifting around their maximum allowable
    cargo of 997,500.

    The Anadarko- Sabre Oil Group
    parcel of about 997,500 barrels lifted over the weekend sent total crude oil
    lifted from Ghana’s Jubilee Field, crossing over the 30-millionth barrel, since
    the field started production on November 28, 2010.

    The successful lifting of the 31st
    cargo of about 997,500 barrels of the light sweet crude oil from the field by
    Anadarko & Sabre Oil and Gas Limited, brought the total crude lifted from
    the field to over 30,300,000.

    Jubilee operator Tullow Oil’s
    lifting of 996,358 barrels on 2nd March, 2012 had sent the total lifting to
    29,327,955 and with a favourable world crude price hovering above the $120.00
    per barrel mark, partners are expected to be lifting their maximum allowable
    cargo of 997,500.

    Ghana, which is the last to lift in
    the schedule of lifting, is billed to round off the current round with the 32nd
    cargo of 997,500 barrels of Jubilee oil, which would be its sixth cargo, around
    the 2nd of April.

    Ghana has so far lifted 4,926,673
    barrels and therefore its sixth cargo would bring the country’s total lifting
    to date to about 5,924,173 barrels.

    Field Operator, Tullow Ghana
    Limited, has so far lifted the highest quantity of Jubilee Oil of 10,609,113
    barrels, followed by Kosmos Energy with 6,901,950 barrels, with the Anadarko –
    Sabre Oil & Gas Holdings group raking in 6,890,219.

    Production from the field, which
    started at a daily rate of less than 40,000b/d rose steadily to 85,000 b/d
    sometime last year, before it declined to below 80,000 b/d rate, registering a
    shortfall of a third of the projected plateau for 2011.

    Jubilee Operator, Tullow Ghana
    Limited in November 2011 reported that “production rates have been below
    expectations due to mechanical issues in certain wells related to the design of
    the well completions,” adding that such problems were not unusual for a new
    field development of this type and remedial work was ongoing.

    The Jubilee Field is currently
    produced by the floating production, storage and offloading FPSO Kwame Nkrumah
    MV 21 vessel, owned by the partners.

    The Jubilee partners are already
    implementing Phase 1A development of the field, to boost production to the
    120,000 barrels per day capacity of FPSO Kwame Nkrumah MV 21.

     

    http://business.peacefmonline.com/news/201203/103447.php

     

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