Tullow Oil, operator of Ghana’s Jubilee field is projecting 100,000 bopd production on the field by the end of 2023.
Tullow Oil said in its latest results statement on Wednesday that the start-up of the Jubilee South East (JSE) project offshore Ghana in July should help the Jubilee field end the year at over 100,000 bopd.
“Four wells have come online in the year to date – a Jubilee main producer in May, two JSE producers in July and another JSE producer this month. Two new water injectors should also go onstream before year end,” the operator said.
Now the partners are looking to sustain the higher production through infill drilling. They have identified multiple new drilling locations and opportunities to extend the plateau towards the end of the decade.
Nearby, production from the TEN fields was recently around 20,000 b/d, benefiting from improved pressure support from injection wells added in 2021-2.
A planned shutdown in July allowed completion of work to improve asset integrity, enhance production through increased gas injection and higher liquids recovery, and reduce flaring.
TEN flaring has since reduced by around 50 percent and there are plans to lower flaring further by 2024.
Tullow Group Chief Executive Officer Rahul Dhir, commented that the company’s relentless focus on capital discipline, operational performance and appropriate investment in assets over the last two end half years brought improvement into Tullow’s business.
“This has resulted in a much-improved business, material debt reduction and most recently, the delivery of Jubilee South East which has substantially increased production,” Dhir stated.
He added, “We now switch to harvesting mode as our business is set to generate c.800 million U.S. dollars of free cash flow between 2023 and 2025, whilst we will continue to run our business with the same discipline.”
Ghanaian President Nana Addo Dankwa Akufo-Addo last Friday Sept. 8 commissioned the JSE production expected to add 30,000 bopd to the greater jubilee field to ramp up total oil production at the Jubilee field to 100,000 bopd by the end of 2023
The JSE is a joint venture of the Jubilee partners that has received a 1 billion –dollar investment in its development.
(Part of story sourced from Offshore)