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


News in Brief

Tullow optimistic of meeting daily target of 120,000 barrels

  • SOURCE: | Editor
  • Tullow Oil is confident of meeting the daily target of 120 thousand barrels of crude oil daily next year.

    This has been influenced by plans to begin work on its Phase 1A project – a separate area away from the main Jubilee field from October.

    The oil exploration firm postponed the peak target citing some technical challenges with production wells.

    But speaking in a conference call in London with investors, the company’s Exploration Director, Angus McCoss says they have now fixed the problem.
    Group Head of Media Relations, George Cazenove later told Joy Business they are on track to meet the target.

    Meanwhile, commercial production at the country’s next major oil field Tweneboa- Enyenra-Ntomme is now expected to begin in 2014. This is after it receives approval from Government on the plan of development by September this year.

    The field holds about a billion barrels of crude and it’s expected to produce about 100 thousand barrels a day.

     

    http://business.myjoyonline.com/pages/news/201207/89576.php

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    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
    << Jun 2018 >>
    MTWTFSS
    28 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
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar