Jubilee field produces over 10 million barrels of oil – Tullow
British oil producer and lead operator on Ghana’s largest oil field, the Jubilee oil fields, Tullow Oil says, so far, over 10 million barrels gross has been produced from the field.
In its trading statement and operational update issued Tuesday July 5, 2011 and copied to ghanabusinessnews.com, announcing the volume of production, the oil company said the statement and update in respect of the first half of 2011 financial year ended June 30, 2011 has not been audited and it is subject to further review.
According to Tullow Oil, this is in advance of the Group’s Half-Yearly Results, which are scheduled for release on Wednesday 24 August 2011.
The Jubilee field, it says, currently produces 80,000 barrels of oil per day (bopd) with ramp up to 120,000 bopd expected to be reached in August.
Commercial production of oil in the Jubilee field begun on December 15, 2010.
By Emmanuel K. Dogbevi
our cocoa,gold ,timber and all these other minirals have not benefited us in any way .I am surprise as an ordinary Ghanain to know Ghana is not the major share holder.White men with their ruse created politics as a tool to spin politicains around.Ghanain politicins are at the top so they dont care about the average citizens.Let me tell them the main reason why most burgers cant stay in Ghana;there are no proper places of convenients,proper puplic toiletes in Accra let alone the other regions ,just go to Dakar and you will see the diferrence.Anyway back to the oil who negotiate these useless selfish deals?They are not benefiting us.