LONDON/DALLAS — Tullow and partners Kosmos Energy, Ghana National Petroleum Corp., Petro SA and Jubilee Oil Holdings have started up the Jubilee South East (JSE) project offshore Ghana.
Two JSE production wells are onstream, lifting production from the entire Jubilee Field above 100,000 bbl/d. One further producer well and one water injector will also come online later this year, helping to sustain production above the 100,000-bb/d mark.
Tullow and its co-venturers will seek to maintain that higher output over the next few years via infill drilling, with multiple future drilling locations identified.
Capex for JSE has totaled about $1 billion covering drilling of the new wells and installing infrastructure to bring previously undeveloped reserves into production.
Much of the complex offshore infrastructure was fabricated by local companies in Ghana.
Kosmos chairman and CEO Andrew G. Inglis said, “Delivery of Jubilee South East is the first of three major growth projects for Kosmos. This catalyst represents the inflection point of rising production and lower capital that we expect will flow through 2H 23 into 2024.
“We believe Jubilee has the potential to deliver in excess of a billion barrels of oil equivalent gross…”