Tullow Oil’s TEN oil development is now 96% complete and should deliver first oil within the next three to six weeks, the company announced in its H1-16 results.
Production has now stabilised in the Jubilee field in Ghana and is expected to see a 38% increase in its production estimates for H2-16.
“We have also made excellent progress on the long-term solution to the turret issue, with the Jubilee Partners deciding that the optimum way forward is to spread moor the FPSO,” Tullow Oil Chief Executive Officer, Aidan Heavey, explained, talking about the issues with the FPSO turret identified in Jubilee, in February.
First Oil Due At Offshore Tullow Ten
At the TEN project, the integrated start-up sequence is expected to start in July, followed by oil production.
Production capacity for the FPSO is anticipated at 80,000 barrels per day (bpd) at the end of this year.
According to company estimates, the project’s annualised production will be at around 23,000 bpd gross throughout 2016.
However, drilling operations are only expected to start after the resolution of the Côte d’Ivoire and Ghana border dispute, expected in late 2017.
“This transformational project has remained on schedule and on budget since it began in 2013,” Heavey stated.
Jubilee Overcomes Setbacks
Meanwhile, the company saw a decline in production in West Africa during H1-16, due to lower production from the Jubilee field, caused by issues with the FPSO turret.
The field has resumed operations in early May and production has gradually ramped up, estimated to reach 85,000 bpd over H2-16.
“In East Africa, the government’s agreement that there will be separate pipelines to develop resources in Uganda and Kenya brings greater clarity to both projects,” the executive stated.
“In addition to Kenya, a new programme of exploration wells focusing on growing resources is due to start in the fourth quarter,” he explained further.