Management of Tullow brief Veep on operations
A five member delegation from Tullow Oil yesterday called on Vice-President Kwesi Amissah-Arthur to brief him on operations of the company in the Jubilee Field.
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The visit comes after the International Tribunal of the Law of the Sea (ITLOS) had ruled on the border dispute between Ghana and Cote d’Ivoire.
The delegation, which was accompanied by the Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, was led by the Chief Executive Officer of Tullow, Mr Aidan Heavey.
The meeting was held behind closed doors. Is believed to have centred on the outcome of the fourth annual Tullow investor
forum which was held in Accra yesterday.
International tribunal
The ITLOS gave Ghana the nod to continue oil exploration activities at the disputed maritime boundary between the country and Cote d’Ivoire.
The tribunal, in dismissing Cote d’Ivoire’s call for the suspension of activities at the said boundary until the final determination of the case, held that work could go on uninterrupted.
Cote d’Ivoire, in February 2015, filed for preliminary measures urging the tribunal to suspend all activities on the delimitation of the maritime boundary between it and Ghana in the Atlantic Ocean until the definitive determination of the case.
Jubilee Field
Mr Heavey, who briefed journalists after the meeting, said the Jubilee Field was performing well, recording an average production of more than 100,000 barrels of oil per day in the first quarter of the year.
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He said the Tweneboa, Enyenra and Ntomme (TEN) project was now more than 55 per cent complete, with all 10 wells expected to come on stream.
The chief executive further indicated that the most recent project milestone was the installation of the 4,500-tonne turret on the bow of the FPSO vessel.
He indicated that the commissioning period for the onshore gas processing facility in Ghana was completed on March 31, 2015 and that the Jubilee FPSO was currently exporting about 80 million cubic feet of gas daily.
On the boundary dispute with Cote d’ Ivoire, Mr Heavey averred that even though the issue had the potential of affecting investor confidence, he was optimistic of a favourable outcome of the case before the tribunal.
Mr Buah had earlier told the Vice-President that Ghana had made substantial progress on local content, as well as building the capacity of local suppliers.
Writer’s email: sebastian.syme4@gmail.com