Jubilee First Oil - 15th Dece

RNS Number : 9815W

Tullow Oil PLC

29 November 2010

 



News Release

 

First Oil from the Jubilee Field in Ghana scheduled for 15 December 2010

29 November 2010 - Tullow Oil plc (Tullow), Anadarko Petroleum, Kosmos Energy, Ghana National Petroleum Corporation, Sabre Oil and Gas and E.O. Group announce that First Oil from the Jubilee field, offshore Ghana, is scheduled for 15 December 2010.

This historic event will be celebrated at a ceremony hosted by His Excellency John Atta Mills, President of Ghana. It will be broadcast live on Ghana TV and can be followed on Tullow's Ghana website (www.tullowoil.com/Ghana).

The Jubilee field was discovered in June 2007 and First Oil will mark the culmination of 3½ years of intensive work by the Government of Ghana and the Jubilee partners¹.

In preparation, oil was produced to the FPSO² yesterday and is being used to commission processing systems and facilities ahead of First Oil. Immediately after First Oil, the field will be capable of flowing up to 55,000 barrels of oil per day but as new wells are completed over a three to six month period, production will increase to 120,000 barrels per day.

¹The Jubilee partners are: Tullow Oil plc (34.70%), Anadarko Petroleum Corp (23.49%), Kosmos Energy (23.49%), GNPC (13.75%), Sabre Oil and Gas (2.81%), E.O. Group (1.75%).

²FPSO - Floating Production, Storage and Offloading vessel. This vessel, moored above the field, will process produced fluids, inject water and gas and store oil before it is offloaded into shuttle tankers for export

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc ([phone]) Aidan Heavey Chris Perry

Citigate Dewe Rogerson ([phone]) Martin Jackson George Cazenove

Murray Consultants ([phone]) Joe Murray Ed Micheau

Notes to Editors

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

In Africa, Tullow has production in Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands.

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

For further information please refer to our website at www.tullowoil.com.

 

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