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Thursday, April 26, 2018
Tullow Oil, in its AGM Trading Update, said that the first sale of natural gas produced from the development offshore Ghana will take place in June. The field, which came into production in August 2017, produced on average about 68,600 bpd during Q1.
Gas production from the TEN field was used to substitute supply to Ghana National Gas Company when Tullow had to shut down the Jubilee field to stabilize the damaged turret on the FPSO Kwame Nkrumah.
In addition to the gas sales news, Tullow reported that the Maersk Venturer arrived in Ghana and began operations on the TEN field in early-March. The rig is expected to drill and complete four wells in 2018. The first well is a Ntomme production well at TEN which is progressing as planned and is expected to be brought on stream around the middle of the year.
The second well planned is a Jubilee production well located in the north-eastern area of the field. Work is ongoing to finalize the sequence of further wells to maximize production from both the Jubilee and TEN fields. Tullow and its joint ventures partners continue to evaluate the business case for contracting a second rig that would allow the acceleration of drilling across both fields.
Tullow is the operator of TEN with a 47.18% stake. Next are the Americans Kosmos Energy and Anadarko with 17%. The Ghanaian state holds 15% and finally the South African state firm Petro S.A with 3.82%.
In addition, the company reported that on its Jubilee field, the damaged turret has been stabilized. A new field closure for one week is planned for the end of 2018. This will help the FPSO to reach its maximum power.
Tullow’s average world oil production was 87,700 barrels of oil equivalent per day. Forecasts for the full year range from 82,000 to 90,000 bpd of oil and gas production from operating units is 3,500 to 4,500 boe/d.
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