M a r k e t N e w s

Tullow to resume Ghana exports in August

Posted on : Monday , 3rd August 2015

TULLOW, the leading independent oil exploration and production company, announced exports from the Jubilee Field to the Ghana Gas plant would resume next month.

Exports at the Atuabo facility were suspended earlier this month due to technical issues with gas compression systems on the FPSO (Floating production storage and offloading) Kwame Nkrumah.
Oil production is currently constrained to approximately 65 000 barrels of oil per day (bopd) and is under constant review but Tullow announced there was no effect on the Field’s reservoir or resources.
 
“Tullow has mobilised a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further three weeks to reinstate gas export and full oil production,” the company said in a statement.
Tullow said it would review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results at the end of July.

Source : cajnewsafrica.com
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