The management of Tullow Oil says the company has been able to produce three million barrels of crude oil from the Jubilee field, this year meanwhile, it is expecting to achieve 120 thousand barrels of its produce by early next year.
This comes after the Jubilee operator, produced a little over 33 million barrels from the Jubilee field from January after 34 lifting.
The announcement was contained in an interim management statement issued by Tullow Oil ahead of its Annual General Meeting in London, Thursday.
The Jubilee operator also expects work on the country’s next major oil field Tweneboa, Enyenra- Ntomme to begin 30 months after it secures approval from government this year.
Tullow plans spending 2 billion dollars on its exploratory activities this year; about half of this will be invested in Ghana.