Tullow Oil hits high production rates at Ghanaian field
ACCRA, July 18, 2023 – Tullow Oil has surpassed production of 100,000 bopd at the offshore Jubilee field in Ghana, the oil and gas independent announced on Monday.
Increased production comes from a second production well under the company’s Jubilee South East development project.
The first production well came on stream on Friday.
Tullow Oil and its partners have invested more than USD 1 billion over the last three years in drilling wells and installing infrastructure to support production.
The project has increased production rates by 50% compared to the first half of 2023.
“I look forward to working with our partners to sustain these higher levels of production for several years and to realise the full potential of the Jubilee resource base,” said Rahul Dhir, CEO of Tullow Oil.
“For Tullow, delivery of this step up in production is a key part of our business plan, in line with our commitment to deliver over $800 million of free cash flow between 2023 to 2025.”
Ghana’s Ministry of Energy approved the project in October 2017.