Tag: turret bearing
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Jubilee field to shut down twice in 2018
Energy Minister, Boakye Agyarko has announced that the FPSO Kwame Nkrumah will shut down twice in 2018 to allow for some repair works on the vessel. The temporary shutdown is scheduled for January and March 2018. The repair works will be carried out on the turret bearing of the oil and gas production vessel. The…
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Tullow records $ 300m loss after tax in 2017 first half
Tullow Oil has posted a loss after tax of 300 million dollars for the first half of this year. The figure represents a decrease of 270 million dollars compared to the 30 million dollars profit after tax recorded for the same period last year. The oil company’s revenue for the first half of 2017 however…
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2017 production not affected by faulty turret bearing – Tullow
Tullow Oil has told Citi Business News its production from the Jubilee Oilfields this year has not been affected by the challenges that have been associated with the turret bearing. The oil company says its production target for 2017 will therefore not be affected as a result. Tullow, in its 2016 financial report projected a…