Tullow Says Ghana Offshore Production A Year Away

Source: The Wall Street Journal 10/28/2009, Location: Africa

Tullow Oil Ghana will start producing from the offshore Jubilee oil field in just over a year, an official said. The official, who didn't want to be named, said production is 368 days away, but wouldn't say how much is expected to be produced when full operation begins.

Jubilee is estimated to have between 600 million to 1,200 million barrel of reserves.

The spokesman also said the operations wouldn't be affected by operator Kosmos Energy's decision to sell its 30.875% stake in the field ExxonMobil has agreed to pay $4 billion for the stake, but that could be disrupted by China National Offshore Oil Co. (CEO), which is contemplating a rival bid in collaboration with Ghana National Petroleum Corp.

"Our operations would however not be affected by whatever happens to Kosmos because Tullow is committed to remaining in Ghana," the spokesman said.

He also said Tullow is involved in prospecting in other areas around the Deep Tano, Shallow Tano and the Chinebuah offshore fields.

Asked if Tullow would move to prospect onshore, he said: "If the Jubilee Fields prove successful, we might look at onshore projects."


Nigeria >>  6/28/2022 - It has been announced by Maire Tecnimont S.p.A. that its subsidiaries Tecnimont and Stamicarbon have received a number of new contracts and order vari...
Morocco >>  6/20/2022 - Chariot (CHAR) is happy to announce that it has signed a front-end engineering and design ("FEED") agreement ("Agreement") for the Anchois gas develop...

Egypt >>  6/6/2022 - Eng. Yehia Zaki, chairman of SCZONE, received today a British delegation from the British International Investment to discuss investment opportunities...
Egypt >>  6/1/2022 - The General Authority for Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding with H2-Industries Inc. to build a new Waste-to-Hydro...

Egypt >>  5/30/2022 - Engineer Tarek Al Mulla, Minister of Petroleum and Mineral Resources, stressed the importance of the reform measures taken by the Egyptian state and t...
Egypt >>  5/1/2022 - General Osama Rabie, president of the Suez Canal Authority, announced on Sunday that the channel's navigation statistics during April recorded new and...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.