Jubilee Oil Field Production Declines to 89,000bpd Due to Well Issues

Production at the Jubilee Oil Field has slightly decreased to 89,000 barrels per day (bpd) as of the end of October 2024, according to Tullow Oil’s November 2024 Trading Update released today, November 28.

At the end of July 2024, daily crude production from the Jubilee field had been above 90,000 bpd. The company attributed the recent slowdown to problems with certain wells in the field, particularly the underperformance of the J69-P well, which had been flagged earlier.

Additional factors contributing to the dip in production included unplanned downtime at the Ghana Gas Company’s onshore gas processing plant and periodic reductions in water injection due to power outages.

Despite these challenges, Tullow Oil remains optimistic about a recovery. The company has implemented corrective measures and is hopeful that these, along with planned production enhancement activities, will mitigate the declines seen in the second half of 2024.

Tullow also noted that the Floating Production Storage and Offloading (FPSO) uptime at both the Jubilee and TEN fields has remained strong, averaging 98% year-to-date.

Looking ahead, Tullow Oil is optimistic that production will improve by the end of the year. The company is also set to deploy a 4D Seismic program in Ghana starting in January 2025, which will provide additional data to optimize well locations for future drilling operations.

In its update, Tullow also disclosed that the Government of Ghana currently owes the company $40 million for gas supplied from the Jubilee and TEN fields. Tullow described this debt as “overdue gas payments” and believes that settling this debt would significantly strengthen its financial position by the end of 2024.