
Audio By Carbonatix
Executive Vice President of Tullow Ghana, Kweku Awotwi has explained what caused the company’s inability to meet its production target for 2019.According to him, the lower than forecast full-year outcome is predominantly due to topside issues that constrained water injection and gas handling during the year.He said at TEN, production was impacted by the delayed start-up of one of its wells, that is, the EN10-P well and the suspension of the EN14-P well and production drawing on fewer wells than planned.“In Jubilee, one of the most important reasons for why we did not meet the target we set of about 170,000 is that we had a significantly reduced offtake of gas by Ghana Gas and that meant that we had to re-inject significant volumes of gas back into the reservoir.” He said addressing some seasoned journalists at a media soiree organized by his outfit.“The fact of the matter is that the Jubilee partners have been re-injecting gas from day 1 because remember we didn’t have a gas plant at first and then more recently with the advent of ENI, Ghana Gas has been taking the ENI gas over the Jubilee gas,” Mr Awotwi added.According to the Tullow Ghana Executive Vice President, discussions on increasing gas offtake are ongoing.The company has attributed the lower export of gas to a lack of demand from the Ghana National Petroleum Corporation (GNPC).The lack of demand is due to the Sankofa gas taking priority. If less Sankofa gas is offered and GNPC nominates more of Jubilee’s gas, the current plant capacity could max out, Mr Awowti believes.BackgroundTullow Oil Plc earlier announced the resignation of its Chief Executive Officer Paul McDade and also scrapped its dividends, as it continued to face issues at its main producing assets in Ghana.The company faced problems at its operations in Ghana because of mechanical issues at the Jubilee field and a delay in completing a well at the TEN offshore field, which led Tullow to cut its estimates for 2019 oil output last month.WayforwardTullow Ghana says it’s in discussion with GNPC to increase gas export and anticipates increased offtake. The company says it is optimistic more gas demand will occur allowing for increased export.It says government is creating more demand by the relocation of the power barge to the Western Region and switching it to gas. It also revealed plans to export gas from the West to Tema through the West African Gas Pipeline.Planned shutdownTullow Ghana says it’s Jubilee planned shutdown for maintenance is scheduled for the first quarter of the year 2020.The nine-day period with four days full shutdown, according to the company, will prioritise the gas handling modifications to increase gas capacity and maintenance on the water injection and cooling system.
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.
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
-
Health Ministry warns nursing training college heads over admission quotas, timeline breaches
3 hours -
Laws won’t stop abuse if homes keep raising boys to dominate women — Zuwera Ibrahimah
4 hours -
Special police team to investigate killing of an anti-migrant leader in South Africa
4 hours -
New monkey species with orange lips found ‘hiding’ in DRC forest
4 hours -
One dead and three missing after boat sinks near Alcatraz
4 hours -
Trump sanctions on ICC violate free speech, says lawsuit
4 hours -
More people around the world now favour China over the US, Pew study suggests
4 hours -
US military to start testosterone testing, Hegseth says
5 hours -
Parliaments must prioritise gender-responsive budgets to fight violence against women and girls – Kenyan advocate
5 hours -
Don’t blame only EOCO officers; hold their political bosses accountable – Osae-Kwapong
5 hours -
Ghana must end the cycle where every high-profile investigation becomes political – CDD Fellow
5 hours -
Argentina face fine for Falklands banner in semi-final win
5 hours -
Ghana-Russia trade hits $800m as Moscow seeks deeper economic partnership
5 hours -
Man jailed for spending ex-girlfriend’s GH¢114,000 loan on betting
6 hours -
West African women parliamentarians push for stronger action against gender-based violence
6 hours