Tullow Ghana is the operator of the Greater Jubilee conventional oil field. Credit: IgorGolovniov via Shutterstock.

Oil and gas exploration company Tullow Oil, along with its partners, has announced the production from the Jubilee South East (JSE) project.

Located offshore Ghana, the JSE project is part of the Greater Jubilee oil field.

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Tullow’s partners on the project include Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings.

The first JSE-producing well has started operating and to maintain gross Jubilee production of over 100,000 barrels of oil per day, a further two producers and one water injector are anticipated to start up this year.

Ghana Minister of Energy Matthew Opoku Prempeh said: “The approval of the Greater Jubilee Full Field Development Plan by the Ministry in October 2017 paved the way for investment in the development of the JSE project, which has now culminated in the delivery of the First Oil from the JSE area.

“The government of President Nana Addo Dankwa Akufo-Addo will continue to work with all our strategic partners with a view to leveraging our God-given resources for the ultimate benefit of our people.”

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Tullow said that the joint venture partners have identified numerous viable drilling sites and are concentrating on high-grading these opportunities to expand the plateau and exploit the full potential of the substantial Jubilee resource base.

According to GlobalData, the Greater Jubilee conventional oil field reached its peak production in 2015 and has recovered 54.27% of its total recoverable reserves

Tullow and its partners have invested over $1bn (11.4bn cedis) in the JSE project to bring previously untapped reserves into production.

Tullow CEO Rahul Dhir said: “Through our strong project management and operating capability, we have delivered a complex offshore development which is one of the key catalysts to unlock value for our business. We are well positioned for future growth with production ramping up in the second half of 2023 that will generate significant free cash flow.”