UK independent Tullow Oil is pledging “a great deal of activity at our flagship Jubilee field (offshore Ghana), with investment in new infrastructure and new wells to grow production in the near term”.
The company, in its annual 2021 report, says it is also “taking on the operation and maintenance of the (Jubilee)FPSO.
“Following a transformational 2021, in which Tullow successfully refinanced its balance sheet, drilled highly productive wells in Ghana and demonstrated operational excellence and financial discipline across the Group, we are now concentrating on the successful delivery of our long-term business plan”, declares Rahul Dhir, Chief Executive Officer, Tullow Oil plc.
At TEN (which is Tullow Oil’s second producing accumulation ion the country), Dhir promises: “we will drill two important, strategic wells that will help define our future plans for the fields”.
He also talks of plans to continue to build production in Gabon.
“With additional opportunities to deliver value across our portfolio, including gas commercialisation in Ghana, our revised Kenya development project and an exciting well in a proven play in Guyana, we are well-placed to deliver value from our assets and to grow our business.”
