First Oil from Jubilee Field Scheduled for 15 Dec.

Source: www.gulfoilandgas.com 11/29/2010, Location: Africa

Tullow Oil plc, Anadarko Petroleum, Kosmos Energy, Ghana National Petroleum Corporation, Sabre Oil and Gas and E.O. Group announce that First Oil from the Jubilee field, offshore Ghana, is scheduled for 15 December 2010.

The Jubilee field was discovered in June 2007 and First Oil will mark the culmination of 3˝ years of intensive work by the Government of Ghana and the Jubilee partners1.

In preparation, oil was produced to the FPSO on 28 November 2010 and is being used to commission processing systems and facilities ahead of First Oil. Immediately after First Oil, the field will be capable of flowing up to 55,000 barrels of oil per day but as new wells are completed over a three to six month period, production will increase to 120,000 barrels per day.

The Jubilee partners are: Tullow Oil plc (34.70%), Anadarko Peroleum Corp (23.49%), Kosmos Energy (23.49%), GNPC (13.75%), Sabre Oil and Gas (2.81%), E.O. Group (1.75%).

FPSO - Floating Production, Storage and Offloading vessel. This vessel, moored above the field, will process produced fluids, inject water and gas and store oil before it is offloaded into shuttle tankers for export


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