Gulf Oil and Gas accountACCOUNT

Kosmos Energy Provides 2014 Production Outlook

Source: www.gulfoilandgas.com 1/15/2014, Location: Africa

Kosmos Energy Ltd. (Kosmos) announced that Tullow Oil plc, the operator of the Jubilee field, has provided a revised production forecast of 100,000 barrels of oil per day (Bopd) for the full year 2014. This rate allows for a potential two-week shutdown for regular maintenance at the Jubilee floating production, storage, and offloading vessel (FPSO).

Based on the operatorís revised production guidance, Kosmosí net interest in the fieldís 2014 production is approximately 24,100 Bopd, similar to 2013 net production levels. As a result, Kosmos currently expects to sell eight crude oil cargoes during 2014.

The revised forecast is unrelated to reservoir performance and well productivity, which remain strong. The new forecast primarily stems from the recently completed third gas injection well which started up in the fourth quarter of 2013 and provided minimal relief. Additionally, delays in restoring full water injection during 2013 further compounded the gas handling challenges. Restoration of full water injection was achieved late in the fourth quarter.

Short, medium and longer-term options to ameliorate the situation in the best interest of all stakeholders are being discussed with Ghanaian authorities. The Ghana National Gas Companyís Western Corridor Gas Infrastructure system is currently expected to be ready to receive gas from the Jubilee field in late 2014. Achievement of the revised production forecast is contingent on the timely resolution of these matters.

For more information about related Opportunities and Key Players visit West Africa Projects

Production News in Ghana >>

Iraq >>  3/8/2021 - Genel Energy plc has announced that the Sarta-2 well has entered production at the Sarta field (Genel 30% working interest), with gross field produc...
Egypt >>  3/5/2021 - SDX Energy Plc (SDX), the MENA-focused oil and gas company, is pleased to announce that it has received final approval from the Egyptian authorities t...

Canada >>  3/3/2021 - - Annual sales volumes averaged 68,340 Boe/d (39% liquids) in 2020. Fourth quarter 2020 sales volumes averaged 73,460 Boe/d (42% liquids), ahead of gu...
Colombia >>  3/3/2021 - Parex Resources Inc. is a company headquartered in Calgary, Alberta that focuses on sustainable, profitable, conventional oil and gas production. The ...

Brazil >>  3/2/2021 - Alvopetro Energy Ltd. announces record daily average February sales volumes, updated results from our 183-1 deep basin Gomo natural gas well, and the ...
Colombia >>  3/2/2021 - Canacol Energy Ltd. is pleased to provide the following information concerning its February 2021 natural gas sales and drilling program. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.