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Thursday, January 16, 2014
In Ghana during 2013 partners on the Jubilee field saw production average approximately 100,000 bpd. The field exited 2013 with a production rate of approximately 100,000 bpd and recent issues with the FPSO’s water injection system which have now been resolved.
In an operational update Tullow said, as previously disclosed, Ghana National Gas Company’s onshore gas processing plant will not be ready to receive Jubilee gas until H2 2014. The completion of a third gas injection well in Q4 2013 brought only limited relief and further gas disposal options are being discussed with the authorities in Ghana. With resolution of these issues, Tullow estimates that Jubilee field production will average 100,000 bpd for 2014.
These delays, which are not within Tullow’s control, do not affect the recoverable reserves of the field. Furthermore, Tullow is confident that once the gas processing facilities onshore are completed, the Jubilee field will be able to produce to its full potential given the field’s well capacity and the strong performance of both the reservoir and the FPSO to date.
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