Tullow and its partners have invested US$10.8 billion between 2007 and 2019 in the Jubilee field and continue to invest in Ghana’s hydrocarbon resources.
Rahul Dhir, chief executive officer of Tullow Oil plc, said: “Reaching 300 million barrels of oil produced from the Jubilee field is a significant moment for Ghana and Tullow Oil.
“This could not have been achieved without the hard work and dedication of our employees and contractors and support from and close co-operation with the Government of Ghana and our partners.”
Dhir continued, “Tullow Ghana thanks all stakeholders, including the government, its joint-venture partners, contractors and suppliers, its host communities, its staff and the people of Ghana for their collaboration and support in reaching this important milestone.”
Tullow’s operations in Ghana
Most of Tullow’s production comes from the Jubilee and TEN fields. Since 2006, the company has had interests in two exploration licences offshore Ghana.
Following seismic acquisition and interpretation, Tullow and its partners drilled two successful exploration wells in 2007. The wells discovered the major Jubilee oil field in the Gulf of Guinea’s Tano Basin.
In October 2008, Tullow was appointed as the Jubilee field operator and set about working with the partners and the government to develop the field and bring Ghana her first significant production of oil.
Tullow’s second important discovery and subsequent development in Ghana is the TEN field. In May 2013, the plan of development for TEN was approved by the government and Tullow commenced its second major operated deepwater development.
First oil was achieved on time and on budget in August 2016, three years after the plan of development was approved by the government.
In November 2010, following a successful development programme, which included the building of a floating production storage and offloading (FPSO) vessel, first oil was achieved from the Jubilee field.