Oil Production From Jubilee Field Hits 300 Million Barrels Mark

Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field.

A statement issued by Tullow Ghana Limited said its partners; GNPC, Kosmos, Anadarko and Petro SA, were proud to be part of Ghana’s remarkable Jubilee story.

It said with the support of the Government, the Jubilee Field went from discovery to first Oil in just 40 months.

It said Tullow and its partners had invested US$10.8billion from 2007 to 2019 in the Jubilee Field and continues to invest in Ghana’s hydrocarbon resources.

The statement added that in the first half of 2020, Jubilee production averaged 84,700 bopd, and ten productions averaged 50,900 bopd with facility uptime on both FPSOs in excess of per cent.

Rahul Dhir, Chief Executive Officer, Tullow Oil Plc, said “reaching 300 million barrels of oil produced from the Jubilee field is a significant moment for Ghana and for Tullow Oil.”

He said this could not have been achieved without the hard work and dedication of its employees and contractors and support and close co-operation with the Government and its partners.”

He said Tullow Ghana commended stakeholders including the Government, its Joint Venture Partners, Contractors and Suppliers, its Host Communities, its staff and the people for their collaboration and support in reaching the important milestone.

Goldstar Air, a wholly Ghanaian and privately owned airline, has entered into partnership with the Government of Liberia to revive Liberia’s airline.

Liberia’s new national carrier has been named and branded as Lone Star Air (Wings Of Liberia) and will initially be flying to eleven West African destinations from Monrovia to Accra, Abuja, Lagos, Abidjan, Freetown, Banjul, Conakry, Dakar, Ouagadougou, Bissau and Sao Tome.

Dr George Oppong Weah, the President of Liberia, had announced plans to create more jobs for the citizens by reviving the national carrier, which became inactive about 30 years ago.

After some years of consultations, Goldstar Air said the Liberia Government had settled on its management services.

Eric Bannerman, the Executive Chairman of Goldstar Air, made these revelations in Accra, after returning from Liberia to engage in the partnership deal.

According to Mr Bannerman, the major objective of Lone Star Air business operations was to attract more visitors to Liberia.

In order to achieve this, Liberia is instituting a marketing strategy on the characteristics of the low-cost carrier packages and tour operations methodology, which to date, were recognised as being successful in North America and Europe.

Mr Bannerman said Liberia’s aviation ambition is to upgrade the Monrovia Airport by building a maintenance base (MRO), which will ensure safety and airworthiness of all aircrafts by international standards.

Also, there is a proposal for Cargo Village that will maintain a cost effective inbound and outbound flow of cargo.

He said he signed the MOU for Goldstar Air and Mr Samuel Wlue, Liberian Transport Minister, signed the Memorandum of Understanding on behalf of the Government of Liberia.

Goldstar Air’s business operation is to inject a rapid growth to the West African tourism market which is currently under-serviced. As a Ghanaian registered Company, it plans to utilize the country’s status as the “Gateway to West Africa” to develop the West Africa market by introducing scheduled flights from all the ECOWAS countries through Accra to North America, Europe, Middle East and Asia.

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