Audio By Carbonatix
The country's second major oil field Tweneboa-Enyenra-Ntomme is expected to pour its first oil in 2016.
The lead operator of the field, Tullow disclosed this in its trading and operational update for the half year.
Tullow is also expecting daily production of crude oil from the field to reach 80 thousand barrels.
The oil exploration firm in the report noted that it expects production of crude oil at the Jubilee field to hit 120 thousand by the third quarter, after it completes work on its gas handling constraints of the floating vessel FPSO.
Tullow is looking at completing the work on some wells on the field by the October to help with gas exports next year.
Tullow also confirmed in the report that it's license for exploration for the Tano deep water basin has expired.
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
-
Interest payments to average a high 20% of government revenue over next 4 years
2 hours -
Strategy of accumulating foreign reserves, gold carries high fiscal cost – S&P Global
2 hours -
Weak institutional arrangements, high debt servicing constrain Ghana’s rating – S&P
2 hours -
Bond market: Turnover declined by 28% to GH¢1.56bn
3 hours -
Volta Region National Public Speaking contest advances drug prevention conversation
3 hours -
New health training facility at Ampoma-Jema to address admission shortfalls, but Minister flags missing amenities
3 hours -
Black Challenge unveiled with sights set on Amputee World Cup glory
3 hours -
Pay striking teachers before expressway spending, Dr Kingsley Agyemang tells government
4 hours -
Customs intercepts assault rifle, two pistols and 610 rounds of ammunition at Tema Port
4 hours -
PKO boxers secure wins at Odwira Festival
5 hours -
South Tongu Records Rise in Teenage Pregnancy
5 hours -
Cabinet threw out US health compact faster than anything I’ve seen – Mahama
5 hours -
MoFA urges Finance Ministry to reverse World Bank food programme withdrawal over GH¢643m commitments
5 hours -
NAGRAT demands signed timelines before calling off strike
5 hours -
National Investment Quiz: West Africa SHS, St. Louis SHS advance to semi-finals
6 hours