Jubilee Oilfields in Ghana will produce over 36mn barrels of crude oil in 2014, according to production forecast announced by Tullow Oil, the main opertors of the field released in Accra over the weekend.???Tullow Oil in revised production target said the field will produce??100,000 barrels of oil per day (Bopd) for the full year 2014. This rate allows for a potential two-week shutdown for regular maintenance at the Jubilee floating production, storage, and offloading vessel (FPSO).
The revised forecast is unrelated to reservoir performance and well productivity, which remain strong. The new forecast primarily stems from the recently completed third gas injection well which started up in the fourth quarter of 2013 and provided minimal relief. Additionally, delays in restoring full water injection during 2013 further compounded the gas handling challenges. Restoration of full water injection was achieved late in the fourth quarter.
Short, medium and longer-term options to ameliorate the situation in the best interest of all stakeholders are being discussed with Ghanaian authorities. The Ghana National Gas Company?s Western Corridor Gas Infrastructure system is currently expected to be ready to receive gas from the Jubilee field in late 2014. Achievement of the revised production forecast is contingent on the timely resolution of these matters.
Source:?ifejghana.org
