The first production well from the Jubilee South East (JSE) Project, offshore Ghana, has been brought onstream.
Announced by Tullow Oil, along with its joint venture partners Kosmos Energy, Ghana National Petroleum Corporation (GNPC), and PetroSA, the independent oil and gas exploration and production (E&P) company, the project’s start-up marks a significant milestone. Alongside the commencement of operations, there are plans for a second production well and an additional water injection well, scheduled to be operational later this year.
These developments are expected to elevate the project’s daily oil production to over 100,000 barrels, solidifying its position as a substantial deepwater E&P endeavor.
Having invested approximately $1 billion on the JSE Project over three years, Tullow Oil and its partners will seek to maintain the field’s higher output over the next few years through an ongoing infill drilling program, with multiple future drilling locations having been identified. “At this Ministry of Energy, we are delighted by this important milestone and wish to congratulate the Tullow and Jubilee partners who have contributed in diverse ways to this journey,” stated Ghanaian Minister of Energy, Matthew Opoku Prempeh.
Tullow Oil and its JV partners will continue to drill wells and install the infrastructure needed to bring undeveloped reserves to production. The project has made significant use of local suppliers, with the complex offshore infrastructure having been fabricated by Ghanaian companies with a more than 90% local workforce, thus demonstrating the partners’ commitment towards the development of local capacity building in the West African country.
“This is a significant milestone for Ghana and for the partnership, with growing production expected to drive higher revenues for the country and partners for years to come,” stated Kosmos Energy Chairman and CEO, Andrew G. Inglis, adding, “Delivery of the Jubilee South East is the first of three major growth projects for Kosmos. We believe Jubilee has the potential to deliver in excess of a billion barrels of oil equivalent grow, generating material value for the people of Ghana, the partnership and our investors.”