The newspaper citing Mr. Kwame Ntow, the Head of Economic Evaluation at the Ghana National Petroleum Corporation (GNPC) said the quantity will be increased to 100,000 barrels when mainstream production is attained by the end of the first quarter of 2011.
Mr. Ntow told the newspaper that the oil is being pumped as part of a test run of equipment at the largest oil field to be discovered in West Africa in the last 10 to 15 years. The Jubilee oil field according to Tullow Oil, the major stakeholder in the field has 17 wells and contains 1.5 billion barrels of oil.
Output is expected to peak to 120,000 barrels per over approximately six months, he said.
Tullow Oil had said in its Interim Management Statement that commercial production of oil will begin early December 2010, and they were expecting to pump about 50,000 barrels of oil per day.
By Emmanuel K. Dogbevi