Story: Della Russel Ocloo
CRUDE Oil production from the Jubilee Field is expected to shoot up from its present 70,000 barrels per day (bpd) to 80,000 bpd by next week.
When this is achieved, it will be in line with the Jubilee partners’ strive to attain a production target of 120,000 bpd by August this year.
A source close to Tullow Ghana, the majority shareholder in the Jubilee Field, told the Daily Graphic in Accra that advanced measures are being put in place to achieve the said target.
It explained that following further discoveries, the company was in the process of completing work on the nine production wells to increase its production capacity.
An appraisal well, the source indicated, also confirmed a potential discovery of gas in the Sankofa Basin which would become the first development of non-associated high-quality gas offshore in Ghana.
"In Ghana itself, our appraisal activities this year alone are going to take us close to two billion barrels of oil if our upside predictions come true," it explained.
“And it is our expectation that with further completion coming on stream, we should be able to make the relatively young industry one that will attract the needed economic investment in the country,” it added.
The source said Tullow had plans to carry out a high-impact exploration and drilling that could potentially unlock about five billion barrels of oil at various explorative points across the country.
No comments:
Post a Comment