Oil production at the Jubilee Field offshore Republic of Ghana has surpassed 100,000 barrels per day, the lead operator of the field, Tullow Oil Plc, has said.
The field dwindled in gross production to about 74,300 barrels per day in 2021.
However, to revive the field and spur production, Tullow introduced what it described as Value Maximum Plan (VMP) and invested heavily in infrastructure and the development of new wells.
Last week, Tullow announced the start-up of the Jubilee South-East (JSE) and was hopeful that this would help to sustain gross production of 100,000 barrels per day.
In a statement issued Monday and copied to energynewsafrica.com, Tullow said it is delighted to provide an update on production from its Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana.
“Gross production from the field has surpassed 100,000 bold, after a second JSE production well was brought onstream. Both of the JSE wells are performing in line with expectations. Two further wells are on track to be tied in during the remainder of the year.”
Rahul Dhir, Tullow’s Chief Executive Officer, commented today: “Reaching production of over 100,000 bopd from the Jubilee field is a major milestone for Tullow, our partners and for Ghana.
“I look forward to working with our partners to sustain these higher levels of production for several years and to realise the full potential of the Jubilee resource base.
“For Tullow, delivery of this step up in production is a key part of our business plan, in line with our commitment to deliver over $800 million of free cash flow between 2023 to 2025.”
Source: https://energynewsafrica.com