Jubilee Field
- Details
- Created on Sunday, 29 August 2010 10:26
JUBILEE FIELD VIDEO: Exploration and Development Activities offshore Ghana
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The Tullow operated Jubilee field, which straddles the Deep Water Tano (Tullow 49.95%) and the West Cape Three Points (Tullow 22.896%) licences, was discovered by the Mahogany-1 and Hyedua-1 exploration wells in 2007. The two wells were drilled five kilometres apart and intersected a large continuous accumulation of light sweet crude oil in excellent quality stacked reservoir sandstones.
Gross Resource Base
The Jubilee Unit Area is considered to have a gross resource base of 500 mmbo (P90) through a most likely 700 mmbo (P50) to an upside of 1,000 mmbo (P10). This resource base will be developed in several phases, of which Phase 1a is under way with first oil expected in Q4 2010.
Appraisal Well
Appraisal drilling continues to define the potential of the Greater Jubilee Area.
Six successful exploratory appraisal wells, Mahogany-2, Hyedua-2, Mahogany-3, Mahogany-4, Mahogany Deep-2 and Mahogany-5 have so far been drilled. Each of these discoveries has intersected considerable hydrocarbon columns. Mahogany-3, Mahogany-4, Mahogany Deep-2 and Mahogany-5 have also intersected potentially extensive underlying sands which will require further evaluation and appraisal.
In 2010, Tullow began a two well exploratory appraisal campaign in the southeast Jubilee Area. The first of these wells, Dahoma-1, was a bold down-dip well 11km away from Mahogany-3. Unfortunately the well was water bearing at this location and was Tullow's first unsuccessful well in Ghana after 12 previous successes. The next well, Mahogany-5, encountered 23 metres of net oil pay 2km eastwards of Mahogany-3. The potential resource range for the southeast Jubilee Area, which is currently under review, is 100 million barrels (P90) to an upside 500 million barrels (P10) of oil.
Flow tests have been performed on Mahogany-1&2 and Hyedua-2 confirming that the Jubilee field is a highly productive and well-connected reservoir. In addition, a water injection test was conducted during the fourth quarter of 2009 demonstrating well communication over a distance of up to six kilometres with injection rates in excess of 23,000 barrels of water per day. The wells have demonstrated that they are capable of delivering in excess of 20,000 barrels of 37.6° API quality crude oil per day.
KEY FACTS
Jubilee has exceptional field characteristics including a large continuous accumulation, high well deliverability and light oil.
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Significant associated gas resource ~800 bcf
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Gross booked reserves of 490 million barrels of oil
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High quality light oil – 37.6° API
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Well deliverability potential of over 20,000 bopd
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Phase 1 first oil scheduled for the fourth quarter of 2010
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PHASE 1 DESIGN SCOPE
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FPSO tanker conversion with 1.8 million bbl storage
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Production capacity – 120,000 bopd (9 wells)
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Water injection capacity – 230,000 bwpd (5 wells)
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Gas injection/export capacity – 160 mmscfd (3 wells)
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Phase 1 development cost of approximately US$3.3-3.4 billion
RELATED ARTICLES:
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Update on Jubilee field Phase 1 & 1A developments - Tullow Oil Plc
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Kosmos Energy sued for ‘misleading’ shareholders on Ghana’s Jubilee oil output
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PRESS RELEASE: Technip awarded two contracts for the Jubilee project in Ghana
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Aker Solutions awarded well service contract in Ghana by Tullow Ghana Ltd
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3 Consignments of Jubilee Crude (950,000 barrels each) to be Exported in March 2012
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Government tasks GNPC to investigate shortfalls in Jubilee oil production
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Tullow says Ghana approves Jubilee Phase 1A plan, work to cost $1.1b
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Jubilee Field Production to fall short of the 120,000 barrels per day for 2012 - Tullow Oil
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Jubilee Phase 1A development plan approved; Tweneboa-Enyenra-Ntomme (TEN) appraisal progresses
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Ghana says Jubilee oilfields are safe despite Ivory Coast’s claim of oil border
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Jubilee Field Royalty and Carried Interest Payments - Jan to Oct 2011
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Kosmos Energy's stake in Jubilee Unit Area increase from 23.51% to 24.08% - Redetermination Analysis
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Jubilee Field - 22 million barrels of oil produced; 21 oil cargoes exported so far
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GRA justifies non-payment of corporate tax by Jubilee partners
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Tullow pays $300m for EO Group's stake in jubilee fields as gov't earns global praise
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Ghana’s Jubilee to Reach Peak Oil Output Later Than Planned, Tullow Says
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Jubilee gas to end gas shortages in Ghana- Energy Commission
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Ghana to Use Jubilee Gas for Electricity in 2012, Official Says
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Ghana’s Jubilee Oil Field to Produce 120,000 Barrels Daily by July
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Ghana to receive 110 million dollars from the sale of 995,259 barrels of jubilee Crude Oil
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GNPC Lift 995,259 barrels of Crude Oil from Jubilee Field FPSO
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Work Begins on Gas Pipe From Ghana’s Jubilee, Daily Graphic Says
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More Gas To Flow - As Multi-Billion Jubilee Gas Project Begins
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Jubilee Field currently PRODUCING 50,000 barrels of oil per day
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Tullow And Vitol Group React to Sale of first 650,000 barrels of Jubilee Crude Oil
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Ghana's Navy Gets Ship From South Korea to Guard Jubilee, Graphic Reports
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Ghana Lifts First 86,312 Tons of Crude Oil From Jubilee Field, Times Says
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Kosmos Won't Face Charges Over Jubilee in Ghana After Reaching Settlement
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TOR challenges minister's claims that it cannot refine Jubilee Oil
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Ghana Begins Commercial Oil Production From The Jubilee Field
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Jubilee Field to flare gas contrary to assurances from government
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Tullow Oil - First Oil from the Jubilee Field in Ghana scheduled for 15 December 2010
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Cnooc Said to Bid $5 Billion With GNPC for Kosmos Jubilee Stake