Tullow Oil and its partners on the Jubilee field offshore Ghana saw
production from the field exceed expectations in 2015, averaging 102,600
bpd. A stable rate of gas was achieved following final commissioning of
the onshore gas processing plant in March 2015, averaging around 90
Mmscf/d in Q4 2015. This strong gas export performance significantly
reduced the requirement for gas reinjection at the field.
Tullow,
in its Full Year Results statement, is forecasting Jubilee 2016 average
production to be around 101,000 bpd gross. This reflects the impact of a
planned two week FPSO maintenance shutdown scheduled for March and a
period of reduced water injection capacity during H1which is currently
being addressed.
The partners on the Jubilee continued their
Jubilee Phase 1A drilling and completions with two oil producers coming
onstream in September and December and a water injector which has yet to
be completed being spud. With the Phase 1A investment program nearing
completion, Tullow and partners submitted the Greater Jubilee Full Field
Development (GJFFD) Plan in December and discussions are ongoing with
the government regarding its progress.
The GJFFD, aimed at
extending field production and increasing commercial reserves, has been
redesigned given the current environment to reduce the overall capital
requirement and allow flexibility in the timing of the capital
investment. During 2016 and beyond, a continued focus on cost reduction
opportunities and the careful balancing of future capital investment
initiatives, including infill drilling as part of the GJFFD, will be key
as Tullow seeks to ensure maximum return on investment from this
world-class oil field.
No comments:
Post a Comment