Jubilee Acid Stimulations Pay Off

Kosmos Energy in its Q2 report said that aspart of the ongoing production enhancement program at the Jubilee field offshore Ghana, it along with partners Tullow Oil and Anadarko Petroleum have performed acid stimulations on five Phase 1 production wells. Well productivity on each of the wells treated has been significantly enhanced.

The Jubilee field is currently see production rates of approximately 83,000 bpd gross, with one well currently ramping up following acid stimulation. Kosmos said this represents the highest production level for the field to-date in 2012. Supported by the ongoing production enhancement program at Phase 1 and two new Phase 1A production wells to be brought online before the end of the year, Kosmos anticipates a higher production exit rate at year-end.

With the success of the acid stimulation program at Jubilee, Kosmos does not anticipate performing any further sidetrack operations this year. The removal of these sidetracks, along with updated appraisal plans on the company’s West Cape Three Points Block, accounts for a reduction in its 2012 capital program, which is currently estimated to be $500 million.