Ghana’s Jubilee Field Partners Fixing FPSO

Ghana’s Jubilee Field Partners Fixing FPSO

Partners in Ghana’s Jubilee field continue with provisional fixing of the floating production, storage and offloading unit’s (FPSO) turret bearing problems, expected to be completed in February 2017, reported Petroleum Africa. Tullow Oil, Kosmos Energy, and GNPC are working on optimization solutions in order to reduce the duration of any shutdown period.

A final decision and approval for the long-term turret system solution are to be finalized in H1 of 2017.

In January, Tullow Oil, the field’s operator, had received $80m in insurance claim pay-out as compensation over Jubilee FPSO defects that occurred on the floating vessel used to produce oil and gas in the country’s maiden commercial hydrocarbon field, reported JLP Engineering Solutions.

The Jubilee field’s production was estimated at average 78,000b/d of crude oil in Q4 of 2016, but the company expects the average gross production to reach 68,500b/d in 2017.

Sarah Samir 2536 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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