Audio By Carbonatix
Tullow Oil P.L.C is now putting the current production of crude oil at the Jubilee field around 110 thousand barrels.
The announcement was contained in the firm’s trading statement and operational update released on Saturday.
Some of the partners at the jubilee field were looking at hitting the 120 thousand targets by close of last year.
But with this announcement, it appears the target might take a while before it is achieved.
Speaking to Joy Business from London, Head of Media Relations at Tullow Oil P.L.C, George Cazenove attributed the delay to some technical challenges with the FPSO.
Mr. Cazenove also described last year as quiet successful because of production from the Jubilee field.
It had been estimated that the field would produce on the average 120 thousand barrels of oil a day, a few months after the commencement of production.
The Jubilee field has now produced a little over 50 million barrels of oil since it began production in 2010.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
All-inclusive Luv FM Family Party underway with colour, music, and laughter as families troop in to Rattray Park
13 minutes -
Jospong Group CEO, wife support over 5,000 Ghanaians with food, cash on New Year’s Day
1 hour -
Life begins at 40: A reflection on experience and leadership
2 hours -
Maresca leaves Chelsea after turbulent end to 2025
2 hours -
NPP still hurting after 2024 loss – Justin Kodua
3 hours -
Ghana declares war on illegal streaming of pay-TV content
3 hours -
Vice President leads 44th anniversary commemoration of 31st December Revolution
3 hours -
Valencia coach Fernando Martin dies in Indonesia boat accident
3 hours -
Nigeria AG’s intervention brings relief to River Park estate investors – JonahCapital
3 hours -
High number of youth behind bars is a national loss – Ashanti regional prisons commander
3 hours -
Nhyira Aboodoo shifts to monumental projects, injects GH₵270,000 into Ashanti orphanages
3 hours -
Police restores calm after swoop operation at AbosoÂ
4 hours -
Through thick and thin in 2025: KGL Group makes national, global impact
4 hours -
Clean Air Fund sets 2026 targets, pushing gov’t toward funding, tougher laws and real health gains on air pollution
4 hours -
New Year begins with 15.92% water and 9.86% electricity tariff hikes
4 hours
