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Ghana approves first Jubilee development phase

07/27/2009
By Uchenna Izundu
Ghana has formally approved the first development phase of giant Jubilee oil field, which will tap 300 million bbl and is to begin producing in the second half of 2010.Tullow Oil PLC, which operates the deepwater Tano block that contains part of the field, said Ghana’s energy ministry had also sanctioned the unitization agreement.Jubilee will come on stream via a floating, production, storage, and offloading vessel with a plateau oil rate of 120,000 b/d, water injection capacity of 230,000 bw/d, and gas export and injection capacity of as much as 160 MMscfd.“By securing rig capacity and commencing the construction and drilling phases in advance,” said Paul McDade, Tullow...
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