Petroleum Minister, Hon. Emmanuel Armah-Kofi Buah, received the PoD on behalf of the Government of Ghana in his office at the Ministry.
The Greater Jubilee Full Field is an integration of nearby Mahogany and Teak discoveries in the West Cape Three Points Block with the currently known Jubilee Field.
Jubilee has been developed using a combination of water and gas injection for pressure support and sweep. Mahogany will be developed via water injection only and Teak via gas depletion in the Development Case.
It will be recalled that during the Ministry of Petroleum’s 2015 Meet-The-Press Series, Hon Buah indicated that a joint Front End Engineering Design (FEED) was being carried out to determine the facilities needed for the integration.
He further stated that both contractors had until the end of the year to submit the Greater Jubilee Full Field Development Plan. It is in this regard that Hon Buah congratulated both contractors for delivering the PoD on time.
Hon Buah also stated that the Ministry together with the Petroleum Commission and GNPC will review the entire document and if satisfied, an approval will then be granted.
Mr Lawrence Apaalse, Petroleum Director at the Ministry explained that the Plan of Development is an integrated documented scheme designed to optimize the development and production of discovered hydrocarbon resources.
Mr Apaalse further added that a “PoD is needed to provide the legal, regulatory, economic and technical basis to guide both the state and investor in the processes involved with extracting oil and gas” he said.
The field is expected to deliver about 60mmbls of oil and 100bcf of Gas. First oil and gas is expected in 2018 and has an expected field life of 20 years.
Other dignitaries present were the Deputy Minister for Petroleum, Hon Benjamin Dagadu, Chief Executive Officer of Tullow Ghana, Mr Charles Darku, Vice President and Country Manager of Kosmos Energy, Mr Joe K. Mensah, Chief Director of the Petroleum Ministry, Professor Thomas Mba Akabzaa, Legal Director of the Ministry, Mrs Vivienne Gadzekpo, Petroleum Director of the Ministry, Mr Lawrence Apaalse and reps from both Petroleum Commission and Ghana National Petroleum Corporation (GNPC).