Tullow Oil (LON:TLW) announced the first oil from the Jubilee field in Ghana.
The Jubilee partners are Tullow Oil (34.70%), Anadarko Petroleum Corp (NYSE:APC) (23.49%), Kosmos Energy (23.49%), GNPC (13.75%), Sabre Oil and Gas (2.81%), E.O. Group (1.75%).
Oil first flowed into the floating production storage offloading (FPSO) vessel 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.
“First Oil from the Jubilee field is a wonderful occasion for Ghana, its government and People, the Jubilee Partners and Tullow,” said chief executive of Tullow Oil Aidan Heavey.