Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Jubilee set for development spree

  • SOURCE: | Editor
  • LONDON — Tullow Oil expects the final cost of Phase I of the Jubilee project offshore Ghana to be within 5% of the original $3.1 billion budget.

    Current production is running at over 69,000 b/d of oil from five wells, building to full capacity of 120,000 b/d during the next five months as the remaining four producers are completed and brought on line.

    Water injection to two wells is currently around 110,000 b/d, and a further four water injectors will be completed this year to maintain plateau oil production. Gas injection will start this month to a single well, with the second injector due to be completed this summer.

    Planning on the Phase Ia Jubilee development started late last year, designed to help sustain plateau output, and entailing a further five to eight wells. The partners will likely take an investment decision during the summer following analysis of reservoir performance and submission of plans to the Government of Ghana.

    Tullow adds that subsurface planning has already identified the additional well locations, and tenders are out for a deepwater rig to execute the program starting early in 2012.

    Kosmos Energy, operator of the West Cape Three Points (WCTP) license has submitted a Declaration of Commerciality for the Mahogany East (ex-Southeast Jubilee) area, which the government is reviewing.
    http://www.pennenergy.com/index/petroleum/display/7385679562/articles/offshore/field-development/middleeast/2011/March/jubilee-set_for_development.html

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Nov 2018 >>
    MTWTFSS
    29 30 31 1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 1 2
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar