First Oil in Ghana

RNS Number : 8626X

Tullow Oil PLC

15 December 2010

 



News Release

 

First Oil in Ghana

15 December 2010 - Tullow Oil plc (Tullow), Anadarko Petroleum, Kosmos Energy, Ghana National Petroleum Corporation, Sabre Oil and Gas and E.O. Group announce that First Oil from the Jubilee field, offshore Ghana, will be celebrated today. His Excellency John Atta Mills, President of Ghana, will be the guest of honour at the ceremony.

First Oil events will take place both offshore on the FPSO and onshore in Takoradi, close to the Jubilee onshore support base. The ceremony will be broadcast live on Ghana TV and can be followed on the Tullow Ghana website (www.tullowoil.com/Ghana), where additional related content is available.

Oil first flowed into the FPSO on Sunday 28 November and this oil has been used to commission the facilities. The oil production rate will initially increase to 55,000 barrels of oil per day and then to 120,000 barrels per day, as new wells are completed over the next three to six months. The first tanker of oil from the Jubilee field is expected to be exported in January 2011.

Commenting today, Aidan Heavey, Chief Executive, said:

"History will be made today and I am very proud to be part of it. First Oil from the Jubilee field is a wonderful occasion for Ghana, its Government and People, the Jubilee Partners and Tullow. It is the culmination of a lot of dedication and hard work from a world-class team on a world-class field. So many people deserve recognition and thanks today, my personal thanks go in particular to the Government of Ghana. Their support and commitment to this project helped the Jubilee Partners ensure that First Oil for Ghana became a reality. Congratulations to everyone involved."

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc ([phone]) Aidan Heavey Chris Perry James Arnold

Citigate Dewe Rogerson ([phone]) Martin Jackson George Cazenove

Murray Consultants ([phone]) Joe Murray Ed Micheau

Notes to Editors

The Jubilee partners are: Tullow Oil plc (34.70%), Anadarko Peroleum Corp (23.49%), Kosmos Energy (23.49%), GNPC (13.75%), Sabre Oil and Gas (2.81%), E.O. Group (1.75%).

An FPSO is a Floating Production, Storage and Offloading system. Moored above the field, the FPSO will process produced fluids, inject water and gas, and store oil before it is offloaded into tankers for export.

About Tullow Oil

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

In Africa, Tullow has production in Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands.

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

For further information please refer to our website at www.tullowoil.com.

 

END

 

 

DRLKKNDQPBDDNBD