Anadarko announces first oil at the Jubilee field offshore Ghana

Anadarko Petroleum Corp., in conjunction with the operator of the Jubilee field, Tullow Oil plc, and other partners including the Ghanaian government, has announced that first oil from the Jubilee field offshore Ghana will be celebrated today.

Offshore staff

HOUSTON -- Anadarko Petroleum Corp., in conjunction with the operator of the Jubilee field, Tullow Oil plc, and other partners including the Ghanaian government, has announced that first oil from the Jubilee field offshore Ghana will be celebrated today. His Excellency John Atta Mills, President of Ghana, will be the guest of honor at the ceremony.

"Achieving first oil from the Jubilee field just three-and-a-half years after our first deepwater discovery was made offshore Ghana is a remarkable accomplishment by the partnership and the Ghanaian government," Anadarko Chairman and CEO Jim Hackett said. "Today marks a historic occasion for the people of Ghana, and Anadarko is proud to have played a role in the development of these essential resources in a resource-constrained world."

The first oil celebration is scheduled to take place on board the floating production, storage and offloading (FPSO) vessel the Kwame Nkrumah, and later at the Jubilee project's shore base in Takoradi, Ghana.

Oil first flowed into the FPSO on Nov. 28, 2010, and this oil has been used to commission the facilities. Immediately following first oil, well capacity will be 55,000 b/d of oil, and as new wells are completed over a three-to-six month period, production is expected to ramp up to approximately 120,000 b/d.

"Congratulations to all of those involved in making this world-class project a reality," Anadarko President and Chief Operating Officer Al Walker said. "Each company provided complementary skills and experience to the integrated project team and worked in a well-coordinated manner with the government of Ghana to deliver first oil from Jubilee, safely, on time and on budget."

Anadarko owns a 23.49% working interest in the Jubilee Unit. Tullow Oil plc is the operator with a 34.70% working interest. Other co-owners in the unit include Kosmos Energy (23.49% working interest), Sabre Oil and Gas (2.81%working interest), E.O. Group (1.75% working interest) and GNPC (13.75% working interest).

12/15/2010

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