Friday, January 16, 2015
Tullow Oil issued an operational overview of 2014 activities and an update on current activities in its most recent Trading Statement. The company saw an average production rate in West Africa of 65,300 bpd; however, due to ongoing license discussions in Gabon, which are yet to conclude, Tullow will report in 2014 a reduced working interest production of 63,400 bpd. The company’s production guidance for 2015 from West African wells is 63,000-68,000 bpd.
In Ghana, the Jubilee field exceeded its gross production target during 2014 averaging 102,000 bpd despite the restrictions caused by delays in the construction of the onshore gas processing plant by GNGC. In 2015, average gross production is expected to be at a similar level with production building towards the FPSO capacity by the end of 2015.
Tullow and its partners on the Jubilee field saw their first commissioning gas exported in November 2014, following the completion of the onshore gas plant. Tullow said that as the gas management constraint is reduced due to increasing gas export, Tullow will be able to increase the oil production from Jubilee.
The company is also seeing its TEN development project on Ghana’s Deepwater Tano license progress, with over 50% now being complete. The project remains within budget and on-track for first oil by mid-2016.
In East Africa, the South Lokichar exploration and appraisal program in Kenya continues with drilling recently completed at the Ngamia-5 and Ngamia-6 wells. In addition, the Amosing wells are being prepared for the first extended well test. The frontier exploration program continues outside of the South Lokichar Basin with the result of the Epir-1 well expected later this month. The Engomo-1 well, testing the Turkana West Basin, has commenced drilling. The Lekep-1 well, testing the Kerio Valley Basin, is expected to be drilled in the second half of 2015 along with multiple appraisal wells in South Lokichar as work progresses on the East Africa development plan.