Jubilee Phase 1 on schedule

Testing of the deepwater Jubilee-9 discovery well offshore Ghana will start shortly, according to partner Tullow Oil.

Offshore staff

LONDON --Testing of the deepwater Jubilee-9 discovery well offshore Ghana will start shortly, according to partner Tullow Oil.

Phase 1 of Jubilee remains on track for first oil in the second half of 2010, the company adds. The FPSO tanker conversion and subsea equipment construction are progressing as planned; five development wells are in place and a further seven should be drilled by year-end.

Tullow itself expects to spud an appraisal well on its adjoining Mahogany find next month, followed by appraisal of the Tweneboa structure, both in the Deepwater Tano license. The Twenoboa-1 exploratory well in March discovered a high pressure, light hydrocarbon accumulation with potential reserves of up to 1.4 Bboe.

05/12/2009

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