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Wednesday, January 27, 2021
In its recent Trading and Operational update, Tullow Oil plc (Tullow) reports it expects a decline in production from both the Jubilee and TEN fields in Ghana. The forecast from the two fields is at 40.5 kbopd for 2021, down from 52.4 kbopd during 2020. This forecast reflects the drilling hiatus in 2020, a planned shut-down in September on Jubilee and deferred development drilling on Simba in Gabon.
The company says that oil production from Jubilee and TEN for the year to date is in line with expectations, supported by gas offtake from the Government of Ghana of c.125 mmscfd.
A new oil offloading system is being commissioned on Jubilee and is expected to be ready for a first lifting in February. Further, a drilling rig is being mobilized to Ghana to commence operations in the second quarter of the year and the first new production well on Jubilee is forecast to be onstream in the third quarter.
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