Monday, May 16, 2016

Jubilee Flows Down—TEN Closing in on Completion

 Ghana Flag

The issue with the turret bearing on the Kwame Nkrumah FPSO offshore Ghana on the Jubilee field has led to a drastic drop in production. According to reports the field is currently only producing at a rate of 33,000 bpd.

Production was halted altogether in March due to these issues, however it has restarted since then at a much lower rate.

Kosmos Energy, one of the partners in the Jubilee field, said in its quarterly report that the partners were working on a solution. Andy Inglis, company chairman and CEO, said, “We’ve implemented procedures in the short-term to allow production offloading and export to continue. We’re working diligently on our long-term solutions.”

While the partners on the Jubilee field may be seeing issues, the development of the TEN field is moving along at a good clip. The project is now more than 90% complete and remains on budget and on time with first oil expected in Q3. Field hookups have begun and additionally, the completion of the development wells is on schedule with seven wells completed to-date.

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