Dec 20, 2012 at 9:07am

One of the partners on Ghana’s Jubilee Oil Field, Kosmos Energy has revealed that production is now in excess of 105,000 barrels of oil per day.

Lead operator Tullow Oil in its report last week said production had reached 90,000 barrels of oil per day because the much anticipated jubilee Phase 1A project had finally come on stream. Production on the Phase 1A is now at a rate of 16,500 barrels per day - boosting total output on the field to 90,000 bpd.

KOSMOS Energy in its update on the Company's global operations on Wednesday said production is in excess of 105,000 barrels of oil per day.

Comparing both figures from, Kosmos Energy and Tullow Oil, it’s indicative that production levels on the field seemed to have improved again.

When Ghana began the commercial production of oil in December 2010, it was expected to produce 120,000 barrels of oil per day but that could not materialize as a result of some technical challenges in the oil-producing wells.

A second Phase 1A production well is expected to be online by the end of January 2013, with the remainder to be drilled, completed, and commissioned in the first half of 2013. KOSMOS has a 24 percent participating interest in the Jubilee field.

Darrell McKenna, Chief Operating Officer, stated, "exiting the year with Jubilee production at its highest-ever level highlights Kosmos' and the entire Jubilee team's successful execution of our Phase 1 enhancement program, as well as the drilling and completion of new wells in Phase 1A. We have now produced over 50 million barrels of oil at the field. The new production capacity demonstrates not only that we have solved the well productivity issues, but further confirms excellent reservoir performance. Delivery of our project objectives at this world-class field positions us extremely well from an operational and financial standpoint as we exit the year and commence 2013."


By: Nana Boakye-Yiadom/citifmonline.com/Ghana