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Position:OIL AND GAS

IN JUNE AND SEPTEMBER 2007, A CONSORTIUM of companies comprising Kosmos Energy Ghana (Kosmos), Tullow Ghana Ltd (Tullow), Anardarko Petroleum Corporation, Sabre Oil and Gas Ltd and the EO Group, in conjunction with the Ghana National Petroleum Corporation (GNPC) (collectively the Ghana Group) announced discoveries of significant quantities of oil and gas in the offshore deepwater Tano/Cape Three Points basins located in the southernmost part of Ghana's Atlantic waters.

The Petroleum Law required that the discovered oil and gas resources in the two blocks be produced as one unit to reduce costs and optimise the recovery of oil and gas in the field. The two discovered fields were therefore unitised and designated as the Jubilee Field, after Ghana's Jubilee Year celebration.

Crude oil production

Between January 2011 and December 2014, a total of 124,947,373 barrels were lifted from the Jubilee fields, yielding for the Jubilee Partners a gross sum of US$3.65bn. Despite the fall in the oil price, government has been assured that production and investment in the Jubilee fields, as well as the Tweneboa-Enyera-Ntomme (TEN) fields, will continue at the same pace. Tullow Ghana has started work on the construction of a second Floating, Production, Storage and Offloading vessel, expected to be completed in mid-2016. According to Minister of Finance estimates, daily average production in 2015 will be around 102,033 barrels.

Gas Infrastructure and Production

The Gas Infrastructure Project is expected to process 150 million standard cubic feet of raw gas each day from the Jubilee Field when completed. The three components of the Gas Infrastructure Project, comprising the offshore raw natural gas pipeline, onshore natural gas processing plant and the onshore processing of (lean) natural gas pipeline are at various levels of completion. The laying of the offshore pipeline has been completed.

The "as-built" survey is complete except for the last 6km in shallow waters. The onshore pipeline is 90% complete. Work on the pipefitting and welding is 100% complete. Site filling and compacting at both Esiama and Takoradi regulating stations is 100% complete. A total of 102,607km of right of way (ROW) has been trenched and the pipeline backfilled.

Gas processing plant

When finally completed, the gas processing plant (GPP) at Atuabo will help to process Ghana's gas from the Jubilee Field, and make gas available to Ghana's next generation of thermal plants. This will...

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