Ghana’s Jubilee to Reach Peak Oil Output Later Than Planned

http://www.bloomberg.com/news/2011-07-07/ghana-s-jubilee-to-reach-peak-oil-output-later-than-planned-tullow-says.html

By Moses Mozart Dzawu

Ghana’s Jubilee oil field may reach peak production in August or September, a month later than planned, after boosting output to as much as 80,000 barrels a day since the start of this month, according to Tullow Oil Plc (TLW), the field’s operator.

“Output will rise to 120,000 barrels per day,” Gayheart Mensah, spokesman for the company’s local unit, said in a telephone interview today. “By this we are within our target of reaching peak production level by the second half,” he said.

Dai Jones, president and general manager of Tullow Oil Ghana Ltd., said on May 31 that output was set to increase to 120,000 barrels by July. Mensah declined to say why that timeframe will be missed.

Discovered in 2007, the Jubilee field made Ghana the newest oil exporter in Africa when production began in December. Total output from the field to mid-June reached 10 million barrels, Mensah said.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.