Continental Focus, International Reach

Tullow Updates Africa Ops

Thursday, July 14, 2022

In its July trading and operational update, Tullow Oil provided a recap on its operations in Côte d’Ivoire, Gabon, Ghana, and Kenya as follows:.

In Ghana, the ongoing drilling program, that started in April 2021 has delivered seven new wells, six at Jubilee and one at TEN, at an average cost of less than $50 million per well, more than 10% below the average expected cost for these wells. In addition, two existing wells have been completed, one at Jubilee (J12-WI) and one at TEN (En16-WI).

The Jubilee field has performed well with production of c.82.4 kbopd gross (c.30.8 kbopd net) in the first half of the year, in line with expectations. This year two new water injection wells and one new producer well have been drilled and brought onstream in the Jubilee field, helping to offset natural decline. The current pace of drilling in Ghana is expected to result in an acceleration of the next phase of drilling at Jubilee into the fourth quarter of 2022. These wells will be tied into the Jubilee South East infrastructure in 2023.

The TEN fields produced c.24.3 kbopd (c.12.5 kbopd net) in the first half of the year. No new wells were drilled in TEN in the first half of 2022, however active reservoir management has helped slow the natural decline. A previously drilled water injection well at Enyenra (En16-WI) has been completed and will come onstream later this year to provide pressure support for existing producers. A further Enyenra producer is planned to be drilled and completed later this year. The rig is currently drilling the first of the two strategic Ntomme Riser Base producer wells, which are due to be tied in and brought onstream in the second half of 2023, following installation of a Riser Base manifold.

Production performance has also been supported by strong FPSO uptime of c.99% at TEN and c.95% at Jubilee, including a planned maintenance shutdown of the Jubilee FPSO, which was successfully completed in May. On 1 July 2022, Tullow took over Operations and Maintenance (O&M) of the Jubilee FPSO from MODEC.

In Gabon the Simba expansion project has resulted in increased production from the Simba field of c.6.0 kbopd net to Tullow in the first half of the year. A long-term appraisal well test at the Tchatamba field is on track to start in August, and infill drilling campaigns at the Ezanga and Oba fields are progressing to plan.

In Côte d’Ivoire, production from the Espoir field averaged c.2.1 kboepd in the first half of the year. A two-month shutdown which had been planned for March has been postponed to August. Required cargo tank maintenance work is progressing well and Tullow continues to engage with the operator, CNR International, on identifying development drilling opportunities.

Total net production from the non-operated portfolio in Gabon and Côte d’Ivoire averaged c.17.6 kboepd in the first half of the year, in line with expectations.

In Kenya, as reported above, the Joint Venture Partners continue to make good progress with the farm-down to a strategic partner and the approval of the Field Development Plan (FDP) for Project Oil Kenya. The project is expected to be a key driver of growth, value and diversification for Tullow.


« GO BACK