It said the field is also on schedule to pour first oil between July and August which will see the commencement of second commercial oil production in the West African country.
These were contained in a Trading Statement and Operational Update ahead of the group’s full year 2015 report.
“To date, all the key milestones of the project have been met, with the next important event being the sail-away of the TEN FPSO from Singapore to Ghana
“The vessel is expected to depart in late January 2016 and arrive in Ghana in early March when the vessel will begin to be connected to the risers and subsea infrastructure,” the statement disclosed.
It said a gradual ramp up in production towards plateau is anticipated during the second half of 2016 as the facilities go through the final commissioning stage and wells are tied into the FPSO.
In Tullow’s estimation TEN average working interest production in 2016 will be around 23,000 bopd gross (net: 11,000 bopd).
Oil prices fell slightly below 30 U.S Dollars per barrel on Wednesday, but Tullow and the partners in the TEN field have not relented in the development of the field.
The operator said production on the jubilee field will average 101,000 bopd, after exceeding the 2015 target of 100,000 bopd average to rach 102,600 bopd average for the year.
“Good performance from the onshore gas processing facility has allowed significant gas export from the Jubilee field with an average rate of gas export of around 85 mmscfd in the last quarter of 2015,” the operators held.
It explained that the 2016 performance target reflects the impact of a planned two week FPSO maintenance shutdown in the first quarter 2016 and a period of reduced water injection capacity which is currently being addressed.
The Jubilee partners include operators Tullow, (35.48 percent); Kosmos(24.08 percent), Anadako(24.08 percent) Gnana National Petroleum Corporation (GNPC)(13.64 percent) and Petrol S.A (2.73 percent).
The partners presented the Greater Jubilee Full Field Development Plan (GJFFD), which includes the Mahogany and Teak fields, to the Government of Ghana in December 2015 and approval is expected for the first half of 2016.
This project, aims to extend field production and increase commercial reserves of the Jubilee field.
“The project has been redesigned given the current environment, to reduce the overall capital requirement and allow flexibility in the timing of the capital investment,” Tullow said. Enditem.
Source: Xinhua
