Anadarko Petroleum Corp. (APC) said Wednesday the massive Jubilee field off the coast of Ghana is on track to reach peak production of 120,000 barrels of oil per day by the end of summer.
Anadarko Petroleum Corp. (APC) said Wednesday the massive Jubilee field
off the coast of
Ghana
is on
track to reach peak production of 120,000 barrels of oil per day by the end of
summer.
Speaking to analysts on a web conference, Anadarko Vice President Operations
Doug Lawler also said the company is optimistic about its ability to transition
recent discoveries near Jubilee to large-scale producing assets in the next few
years.
The Jubilee field, which started producing oil in December, is one of
Africa
's
largest discoveries. It's total reserve potential is seen at nearly 1.5 billion
barrels of oil equivalent. Tullow Oil PLC (TUWOY, TLW.LN) is the operator of
the field with a 34.70% interest, while Anadarko and Kosmos Energy Ltd. (KOS)
each hold a 23.4913% stake. Other Jubilee co-owners include Sabre Oil and Gas,
E.O. Group and state-owned Ghana National Petroleum Corp.
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