Ghana's Tweneboa and Jubilee oil Fields could contain up to 1.4 billion and 1.5 billion barrels of oil equivalent (boe)in oil and gas reserves respectively, said field operator Tullow Oil PLC Thursday.
This represents a slight decrease in the total resource upside estimate for Jubilee, from 1.8 billion boe previously, but no change in the figure for Tweneboa.
First oil will be produced from the Jubilee Field in November or December this year and the project will be completed within 10% of its $3.2 billion budget, Tullow said in a presentation to analysts posted on its website.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Walker wants to ‘explore’ Man City exit – Guardiola
5 hours -
Ejura Sekyeredumase MP demands autopsy on resident who died in Police custody
7 hours -
Kusaas Diaspora Union launched to spearhead global unity, development
8 hours -
Bright Simmons: Mahama’s reduction of ministries to 23 amid calls for efficiency, cost-cutting
8 hours -
Maxwell Hanson seeks apology and compensation from Anim Addo over defamation claims
9 hours -
We listen, we don’t judge: What they don’t tell you about being an entrepreneur
10 hours -
Mahama orders Lands Commission to halt sale of State Lands
11 hours -
Chiesa on target as Liverpool ease past Accrington Stanley
11 hours -
Everton appoint Moyes as manager for second time
11 hours -
WACCE describes 2024 elections as one of the violent, deadliest in the 4th Republic
11 hours -
Volta Region movie industry stagnated, needs investors to push – stakeholders
11 hours -
Petition against Chief Justice reflects broader public concerns about Judiciary – Joyce Bawa
11 hours -
Northern Ghana won’t experience fuel shortage – NPA assures
12 hours -
Calm restored in Ejura after mob attack on Police Station
12 hours -
18-year-old herdsman remanded over murder of younger brother
12 hours