Tullow Oil Plc has announced that production from Jubilee Oilfield is expected to hit about 95,000 barrels of oil per day (bopd) for the full year.
According to the company, since late 2012, production at the field has steadily increased to a rate of about 110,000 bopd.
Tullow Oil Plc, in its 2013 half-year report, said the FPSO Kwame Nkrumah, which serves the Jubilee Oilfield, performed well.
The company said strong performance from the Jubilee Oilfield has resulted in average first half production of 104,000 bopd.
Tullow said, “A recent water injection pump failure on FPSO, which will be replaced before year-end, and a decision to extend the planned maintenance shutdown period, will however have a short-term impact on production in the second half of 2013.”
The company said testing of the FPSO facilities was completed in March 2013.
“Tullow and its partners will continue to monitor the gas export project in Ghana, which is currently expected to start-up next year,” the company added.
Tullow said the Jubilee Phase 1A development project has successfully increased well production capacity and enhanced the recoverable reserves potential from Jubilee, adding that the remaining three Phase 1A producers and two water injectors are scheduled to be completed in the next 12 months.
It said Full Field Development Plan, detailing how the Jubilee Oilfield, would be fully developed in the coming years to maximize recoverable reserves and maintain the field production at its peak capacity.
Source: Daily Guide
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