20th Jul 2015 06:38
LONDON (Alliance News) - Tullow Oil PLC Monday said gas exports from the Jubilee field to the Ghana gas plant at Atuabo have been suspended due to technical issues which will continue to impact exports until mid-August.
The gas exports were suspended on July 3 due to technical issues with gas compression systems on the floating production, storage and offloading Kwame Nkrumah vessel.
Oil production is currently constrained to 65,000 barrels of oil per day, but the company said there has been no affect on the field's reserves or resources.
"Tullow has mobilised a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further three weeks to reinstate gas export and full oil production," said the company in a statement.
Tullow will review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results on July 29.
By Joshua Warner; [email protected]; @JoshAlliance
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