Tullow Oil said that its oil production outlook for Ghana in 2019 is expected to reach 180,000 bopd
This prediction is based on the company’s plan to drill and complete seven wells in Ghana’s TEN and Jubilee fields.
Jubilee Field
In 2018, Jubilee’s gross production averaged 78,000 bopd slightly below the group’s forecast. The company stated that this was due to minor operational problems in December, which have now been resolved.
The company added that in 2019, the average gross oil production from the Jubilee field is expected to increase to around 96,000 bopd.
TEN Field
The company noted that the TEN fields performed well throughout 2018, with gross production averaging 64,500 bopd.
In 2019, Tullow expects gross oil production from the TEN fields to increase to around 83,000 bopds.
East Africa
In Kenya, the company stated that it continues to target FID in late 2019 and First Oil in 2022.
The transfer of stored crude oil from Turkana to Mombasa by road continues as part of the Early Oil Pilot Scheme, with an average of eight trucks shipped every two days, transporting approximately 600 bopd.
In Uganda, the company partners Total and CNOOC Ltd continue to work with the government of Uganda to finalise the farm-down, which is now expected to be completed in the first half of 2019.
New ventures
In 2018, Tullow acquired new licences in Côte d'Ivoire, Suriname, Comoros and Peru–the latter two are subject to government approval. In 2019, Tullow will undertake geophysical surveys in Côte d'Ivoire, Comoros and its current assets in West Africa.
It also implied that Guyana will be the focus for Tullow’s exploration drilling programme in 2019 and the group will drill the Jethro prospect in the second quarter of 2019 as the first of two planned wells on the Orinduik block.