{"id":391002,"date":"2017-05-19T15:53:06","date_gmt":"2017-05-19T15:53:06","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/05\/19\/tullow-to-drill-more-wells\/"},"modified":"2017-05-19T15:53:06","modified_gmt":"2017-05-19T15:53:06","slug":"tullow-to-drill-more-wells","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/05\/19\/tullow-to-drill-more-wells\/","title":{"rendered":"Tullow to drill more wells"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"news_image\"><img decoding=\"async\" style=\"cursor:pointer;\" class=\"img-responsive\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/05\/XGltYWdlc1xjb250ZW50XDUxOTIwMTczNDIzNF9jaGFybGVzZGFya3V0dWxsb3dnaGFuYW1hbmFnaW5nZGlyZWN0b3IzMDB4MTYwLmpwZ3wzMDB8MTgwfDUvMTkvMjAxNw==.jpg\" alt=\"\" onclick=\"javascript:window.location='\/newsphoto\/1\/1\/Nzc2NTA3';\"\/><\/div>\n<p>Tullow Oil says plans are underway to resume drilling next year to boost output at its Tweneboa, Enyenra, Ntomme (TEN) field once the maritime dispute between Ghana and The Cote d&#8217;Ivoire is resolved.<\/p>\n<p>Mr Charles Darku, Tullow Ghana Managing Director, told shareholders on Wednesday that the drilling of the new wells would help increase production to 80,000 barrels a day from the current expected level of 50,000 barrels for 2017.<\/p>\n<p>The International Tribunal for the Law of the Sea is set to rule on the maritime border dispute in late 2017.<\/p>\n<p>\u201cWe are looking to the Ghana government to reach a resolution on that to enable us immediately to resume drilling new wells to boost production,\u201d Mr Darku said.<\/p>\n<p><strong\/><br \/>The offshore TEN field blocks came on stream in August last year.<\/p>\n<p>Mr Darku said since no wells could be drilled until after the ruling, Tullow was managing the existing wells in a prudent and sustainable manner.<\/p>\n<p>He said Tullow would seek additional reserves to extend production life while investing in new exploration opportunities beyond Jubilee and TEN.<\/p>\n<p>Touching on the Jubilee remediation and future production, Mr Darku said the Turret remediation project is on track.<\/p>\n<p>He said the next phase of the project would involve modifications to the turret systems for long-term spread-moored operations, adding that detailed planning for the works is ongoing with government and joint venture partners to take the final decisions within the first half of 2017.<\/p>\n<p>He said work was expected to be carried out in the second half of 2017 with an anticipated shutdown of up to 12 weeks.<\/p>\n<p>Mr Darku said Tullow was targeting Greater Jubilee Full Field Development Plan which aims to extend field production and increase commercial reserves in the second half of 2017.<\/p>\n<p>Also Tullow would commence drilling in early 2018 to extend plateau and increase reserves in the field.<\/p>\n<p>On gas production, Mr Darku said Tullow was working in close collaboration with Ghana Gas to optimise gas usage, adding that the strategy was to maximise gas supply to Ghana.<\/p>\n<p>He said Jubilee gas supply was increasing steadily and the completion of the TEN gas infrastructure would enhance the ability to supply more.<\/p>\n<p>Mr Paul McDade, the Group CEO, said Tullow would continue to focus on growth with high-impact exploration assets and would be well positioned to take advantage of market opportunities.<\/p>\n<p>GNA<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tullow Oil says plans are underway to resume drilling next year to boost output at its Tweneboa, Enyenra, Ntomme (TEN) field once the maritime dispute between Ghana and The Cote d&#8217;Ivoire is resolved. Mr Charles Darku, Tullow Ghana Managing Director, told shareholders on Wednesday that the drilling of the new wells would help increase production [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-391002","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tullow to drill more wells - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/05\/19\/tullow-to-drill-more-wells\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tullow to drill more wells - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Tullow Oil says plans are underway to resume drilling next year to boost output at its Tweneboa, Enyenra, Ntomme (TEN) field once the maritime dispute between Ghana and The Cote d&#8217;Ivoire is resolved. 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