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Tullow expects to hit 120,000 BoPD target in three months

Tullow Oil has stated that in the next three months, oil production on the Jubilee field is finally expected to hit the 120,000 barrels of oil pay day target.

This was contained in the company’s 2013 trading and operational updates released on Wednesday.

According to Tullow, work on a gas handling constraint on the FPSO is expected to be completed by August which would help them hit the 120,000 target.

Since the beginning of 2013, Jubilee field production has steadily increased towards the FPSO design capacity and is currently producing at a rate of around 110,000 BoPD.

Meanwhile, the company has relinquished the remaining non-prospective acreage of the Deepwater Tano Exploration after the License expired last month.

But the Jubilee Unit Area, the TEN Development and Production Area and the Wawa Discovery Area have been retained.

Source: Citi Business

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