Tullow projects 70,000-90,000 bpd at Jubilee field
Tullow Oil says it expects production at its Jubilee oil field to average between 70,000 and 90,000 barrels of oil per day for 2012.
In a news statement, Tullow says its gross Jubilee production is currently over 70,000 barrels per day. Following a number of remedial activities, this is expected to increase to 90,000 barrels per day this year.
It said Jubilee field production would ramp back up in 2012 towards the field plateau rate of 120,000 barrels per day. This is as the Phase 1 remedial programme takes effect from January 2012 and the new Phase 1A wells, takes off in the second quarter.
Gross production from the field reached 88,000 barrels per day during 2011 before declining to approximately 70,000 bpd at year-end. This was with an average production for the year of 66,000 bpd.
The well was flow tested to the rig at rates of up to 15,000 bpd and started production to the FPSO in early January. The production rate is being gradually increased, to allow close monitoring of the performance of the new completion over the next two to three months.
It is expected that the redesigned completion will be utilized in the new Phase 1A wells whilst the sidetracks of a further three existing Phase 1wells will be utilized in 2012. The cost of these Phase 1 recompletions, including J-07, will be approximately 400 million dollars.
By: e.tv Ghana
Accra, May 17, 2012
Government’s management of revenue generated from the country’s oil and gas resources will today come under intense scrutiny ... 