Continental Focus, International Reach

Preparations Advance for Jubilee Turret Stabilization

Thursday, January 11, 2018

Partners on Ghana’s Jubilee field saw preparations continue in advance of the planned turret bearing stabilization work in Q1 2018. According to Tullow Oil, the operator of the Jubilee field, this work should take place over two shut-down periods totaling fourto six weeks. A further planned shut-down of approximately three weeks is expected around year end 2018 to rotate the FPSO to its permanent heading.

The government of Ghana approved the Greater Jubilee Full Field Development Plan in October 2017, allowing Tullow and the JV partners to prepare for a multi-year incremental drilling program to maximize and sustain oil production and gas export. The program’s focus will be the drilling and completion of new wells in the Jubilee unit area that will make use of existing infrastructure, and the completion of a well previously drilled in the Mahogany discovery.

Tullow expects 2018 gross production from the Jubilee field to average 75,800 bpd, which takes into account the planned shut-downs associated with the turret remediation work.

On TEN field, following the ITLOS ruling in September defining the maritime border between Ghana and Cote d’Ivoire, the partners were given the greenlight from the government to recommence drilling on the TEN fields. A multi-year incremental drilling program will be started this year, seeking to ramp up production from the TEN fields to utilize the full capacity of the FPSO and sustain this over a number of years.

In Q4 2017, Tullow signed the TEN Associated Gas (TAG) Sales Agreement with the government and anticipates the start of gas sales from TEN in H1 2018. Gross gas sales equivalent to 4,200 boepd have been forecast for the year.

Gross oil production for 2018 from the TEN fields is expected to average 64,000 bpd. During the year, the rig schedule and timing of drilling and completion operations will be optimized, providing upside potential to this initial estimate.

Tullow recently secured the Maersk Venturer rig which is expected to commence drilling in February. The rig will be used across the TEN and Jubilee fields and has been contracted for up to four years. The first well planned is a Ntomme production well in the TEN fields followed by a Jubilee production well located in the north-eastern area of the field. Work is ongoing to finalize the sequence of further wells to optimize output from both the Jubilee and TEN fields


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