Petroleum Africa
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Thursday, July 4, 2013
Over the last period Tullow has seen a number of positive happenings in Ghana. Since the outset of 2013 Jubilee field production has steadily increased towards the FPSO design capacity and is currently producing at a rate of around 110,000 bpd. The company estimates that by the end of Q3 work on a gas handling constraint on the FPSO is expected to be completed and Jubilee production should increase to over 120,000 bpd.
At the end of May the government approved the development plan for the Tweneboa-Enyenra-Ntomme Development (TEN Project). The approval paves the way for Tullow and its partners to proceed with the development of these discoveries and to define the final schedule and capital program to deliver first oil in 2016 and a steady ramp up to a capacity production rate of 80,000 bpd.
Development of the TEN Project will require the drilling and completion of up to 24 development wells which will be connected through subsea infrastructure to a FPSO moored in approximately 1,500 meters of water. It is expected that contracts for the FPSO and subsea tenders will be awarded over the coming weeks. Tullow said that rig capacity for the drilling and completion of development wells has already been secured.
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