British petroleum company, Tullow Oil which operates Ghana’s Jubilee field said on Wednesday it is working to reduce the estimated shut-down period of the field.

In its mid-year production forecast, released on Wednesday the oil company which also operates the Tweneboa-Enyenra-Ntomme(TEN) field maintained its production forecast for the year.

“Gross production from the Jubilee field is expected to average 83,900 barrels of oil per day (bopd),” the release maintained.

The operator disclosed that a shutdown of between five weeks and eight weeks had been planned for late 2017 to carry out work to stabilize nagging Turret Bearing malfunction on the Floating, Production, Storage and Offloading (FPSO) production vessel named after Ghana’s first president, Kwame Nkrumah.

“The Joint Venture Partners and the government of Ghana have agreed on the need to stabilize the turret bearing and a shutdown of between five and eight weeks is planned for late 2017. Work continues to further reduce the length of this shutdown,” Tullow stated.

It added that planning had also been underway for the rotation of the vessel to its optimum heading with the installation of a deep water offloading system ongoing.

“It is anticipated that this work will be executed in two stages in 2018 and 2019. The total shutdown duration for stabilization, rotation and offloading system installation is not expected to exceed 12 weeks,” the statement added.

The Interim Spread Mooring of the Jubilee FPSO the statement said was successfully completed in February and the vessel “is now anchored to the seabed with the turret bearing locked and the vessel held on a constant heading. “
Beside the expected better macroeconomic climate, higher oil production figures based on production from TEN and Greater Jubilee Full Field Development Plan (GJFFD) have been cited as the basis for the more robust economic growth projections for the West African country from 2017.
The Joint Venture (JV) Partners remain on track to re-submit the GJFFD Plan by the end of July 2017 with approval expected later in the year, allowing drilling to commence in 2018, Tullow disclosed.
During the second quarter, the statement disclosed that trials to optimize the fields and facilities throughput have resulted in production levels regularly in excess of 50,000 bopd on the TEN field.

“ In June 2017, a final commissioning capacity test and facility blow-down was completed demonstrating that the FPSO (John Evans Atta Mills) can operate in excess of its design capacity of 80,000 bopd,” Tullow added.

Ghana and Western neighbors, La Cote d’Ivoire are awaiting judgment by the International Tribunal on the Law of the Sea (ITLOS) in Hamburg, Germany this September in their maritime boundary dispute which will determine the fate of continuous exploration and production on the entire or parts of the TEN field. Enditem

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Source: Xinhua/NewsGhana.com.gh