Ghana’s Jubilee fields produce 11.7 million barrels of oil in first half-year of 2012

With an average 62,985.44 barrels of oil per day (bopd) gross, Ghana’s Jubilee fields has produced a total of 11.7 million barrels of oil (bbls)throughout the first half-year of 2012, according to a Bank of Ghana (BoG) report released August 17, 2012.

During the period (January 1 – June 30)… there were 12 liftings by the Jubilee partners.  A total of 11.75 million bbls was producd, said the BoG’s semi annual report titled “Petroleum Holding Fund & Ghana Petroleum Funds”.

The report said Tullow Ghana Limited received the highest of four liftings totaling 3.93 million bbls, followed by the Ghana Group with three liftings totaling 2.99 million bbls.

Anadarko and Sabre Oil & Gas Limited group also received three liftings totaling 2.9 million bbls. Kosmos received two liftings totaling 1.92 million bbls, it added.

Meanwhile, production dropped from 2.11 million bbls for the month of January 2012 to 1.80 million bbls in April 2012 ending the half year at 1.77 million bbls. The report explained that the drop in production was due to a “temporary shut-down of some wells for acid stimulation activity”.

The Jubilee field production is expected to average between 70,000 and 80,000 bopd gross in 2012 stemming from the successful acidisation programme.

By Ekow Quandzie

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