Tag: Jubilee fields
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Jubilee field producing over 100,000 bopd
Tullow Oil has announced that gross crude production on the Jubilee Field has surpassed 100,000 barrels per day for 2023. This was captured in an operational update to investors on July 17, 2023. According to Tullow Oil, this was after the recent start-up of the Jubilee South East (JSE) project well was brought on stream.…
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Ghana must explore deep waters to avoid exhausting oil reserves – Amoako Tuffour
The secretary to government’s Economic Management Team (EMT), Prof. Joe Amoako-Tuffour has stated that Ghana risks exhausting its oil reserves in the next ten years if it doesn’t move into deep waters to explore oil. His comments come on the back of a warning of an imminent collapse of the country’s petroleum industry by the…
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Anadarko-Total SA deal must not pass until outstanding taxes are paid- RM-Africa
A group known as Revenue Mobilization – Africa (RM-Africa), is urging the government of Ghana to ensure that all taxes owed by Anadarko are fully settled before the company is allowed to sell off its stake in the Jubilee and TEN oilfields to Total SA. Anadarko, which currently has a 24 percent stake in the…
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Tullow confirms incident of man jumping overboard FPSO Kwame Nkrumah
Tullow Ghana Limited, the operator of the Jubilee Fields, on Wednesday confirmed it was aware of an incident offshore involving a contractor who jumped overboard the FPSO Kwame Nkrumah at 14:25 hours on Tuesday. According to a statement from the company, full Emergency Response procedures were activated, and the contractor was rescued at 14:33…
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Tullow records loss after tax of 189 million dollars
Tullow Oil has posted a loss after tax of 189 million dollars for 2017. At least this is the second time in a row that the oil company has posted a loss after tax. For 2017, Tullow’s loss after tax amounted to 189 million dollars; this is an improvement of about 408 million dollars or…