Jubilee Field oil production update

Source: Tullow Oil

Tullow Oil plc announces that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since 3 July 2015 due to technical issues with gas compression systems on the FPSO Kwame Nkrumah and is expected to resume by mid-August.

Tullow Oil plc (‘Tullow’) announces that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since July 3, 2015 due to technical issues with gas compression systems on the FPSO Kwame Nkrumah and is expected to resume by mid-August. Oil production is currently constrained to approximately 65,000 bopd and is under constant review but there is no effect on the Field’s reservoir or resources. 

Tullow has mobilized a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further three weeks to reinstate gas export and full oil production. 

Tullow will review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results on July 29.

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 130 exploration and production licenses across 22 countries which are managed as three Business Delivery Teams.

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