{"id":15346,"date":"2025-11-25T06:59:07","date_gmt":"2025-11-25T06:59:07","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15346"},"modified":"2025-11-25T06:59:31","modified_gmt":"2025-11-25T06:59:31","slug":"ghana-tullow-oil-announces-november-trading-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/ghana-tullow-oil-announces-november-trading-update\/","title":{"rendered":"GHANA: Tullow Oil announces November trading update"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Jubilee oil production in 2025 has averaged c.61 kbopd (c.23.9 kbopd net) to end-October.<\/li>\n\n\n\n<li>Jubilee production in 2025 continues to reflect the issues experienced in the first half of the year, but is supported by good performance from the first of the two 2025 Jubilee production wells (J72-P), which was brought onstream in July.<\/li>\n\n\n\n<li>Drilling on Jubilee recommenced at the start of November, with the second new production well (J73-P) to come onstream around the end of the year.<\/li>\n\n\n\n<li>The partnership has approved a five well 2026 drill programme, which includes four committed wells (three producers and one water injector) and the addition of one option well (a producer), currently being progressed.<\/li>\n\n\n\n<li>Interpretation of the 4D seismic data acquired in the first quarter continues to deliver informative reservoir visualisation insights and is supporting well design optimisation for the current campaign. The Ocean Bottom Node (OBN) seismic survey is underway and is expected to complete around the end of the year. Integrated processing of both OBN and towed streamer 4D datasets is expected to deliver an improved seismic velocity model in 2026, supporting enhanced subsurface imaging and fluid predictions.<\/li>\n\n\n\n<li>TEN oil production in 2025 has averaged c.16 kbopd (c.8.9 kbopd net) to end-October, above expectations through continued strong Ntomme and Enyenra performance.<\/li>\n\n\n\n<li>Overall FPSO uptime at Jubilee and TEN has remained high, averaging 97% to end-October.<\/li>\n\n\n\n<li>Following the signing of the Memorandum of Understanding (MoU) with the Government of Ghana, good progress has been made to finalise the agreements required to implement the licence extensions for Jubilee and TEN to the end of 2040, together with payment security for gas and an updated Plan of Development for Jubilee.<\/li>\n\n\n\n<li>In addition, a new Jubilee Gas Sales Agreement is now in place confirming the current gas price to the end of the licences.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":24,"featured_media":14500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[12207,997,12205,12204,9770,12206,9198,2571],"class_list":["post-15346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-enyenra","tag-ghana","tag-j73-p","tag-jubilee-fiellf","tag-ntomme","tag-ocean-bottom-node-obn-seismic-survey","tag-ten-field","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Ghana-Jubilee-Field.jpg?fit=750%2C500&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Zw","jetpack-related-posts":[{"id":12829,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-november-trading-statement-operational-update\/","url_meta":{"origin":15346,"position":0},"title":"Tullow Oil November Trading Statement &#038; Operational Update","author":"","date":"November 16, 2022","format":false,"excerpt":"OPERATIONAL UPDATE Production Group net working interest production averaged c.61.8 kboepd to end October 2022, in line with guidance. Full year production guidance for 2022 narrowed from 60-64 kbopd to 61-62 kbopd. Group average working interest production FY 2022 guidance (kboepd) Ghana 45 \u00a0\u00a0\u00a0\u00a0Jubilee 32 \u00a0\u00a0\u00a0\u00a0TEN 13 Non-operated portfolio 17\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12436,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-provides-july-trading-statement-operational-update\/","url_meta":{"origin":15346,"position":1},"title":"Tullow Oil Provides July Trading Statement &#038; Operational Update","author":"","date":"July 13, 2022","format":false,"excerpt":"Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented today: \u201cIt is two years since I joined Tullow and today, we are in a very different place. A relentless focus on costs, capital discipline and operating performance is ensuring delivery of our business plan. We have also added unhedged production\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14659,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-to-focus-on-cost-efficiency-and-production-optimisation-in-2025\/","url_meta":{"origin":15346,"position":2},"title":"Tullow Oil to Focus on Cost Efficiency and Production Optimisation\u00a0in 2025","author":"","date":"January 31, 2025","format":false,"excerpt":"2025 Outlook \u2013 Cost efficiency and production optimisation driving continued cash generation Operational Group working interest production expected to average between 50 to 55 kboepd, including c.6 kboepd of gas and inclusive of a two-week maintenance shutdown planned on the Jubilee field in the first half of the year, with\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13936,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ghana-tullow-oil-operational-update\/","url_meta":{"origin":15346,"position":3},"title":"GHANA: Tullow Oil Operational Update","author":"","date":"September 13, 2023","format":false,"excerpt":"Jubilee Gross oil production from the Jubilee field averaged 72.4 kbopd (net: 28.2 kbopd) in the first half of the year. This was slightly below expectations largely due to reduced water injection in late 2022 and into the first quarter of 2023, which has since been rectified in February 2023.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Tullow-Ghana-OVID.jpg?fit=450%2C600&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14248,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-provides-2023-operational-performance-2024-outlook\/","url_meta":{"origin":15346,"position":4},"title":"Tullow Oil Provides 2023 Operational Performance 2024 Outlook","author":"","date":"March 6, 2024","format":false,"excerpt":"Operational performance In 2023, full year working interest production averaged 62.7 kboepd, including 6.9 kboepd of gas. Group working interest production is expected to increase year-on-year and our guidance range for 2024 is 62-68 kboepd, including c.7 kboepd of gas production. Group working interest production (kboepd)FY 2023FY 2024 GuidanceGhana\u00a0oil42.648\u00a0 \u00a0Jubilee\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11706,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-to-concentrate-on-it-producing-assets-in-2022\/","url_meta":{"origin":15346,"position":5},"title":"Tullow Oil to Concentrate on it Producing Assets in 2022","author":"","date":"January 26, 2022","format":false,"excerpt":"2022 Outlook Group working interest oil production guidance is 55 to 61 kboepd. This forecast is based on Tullow\u2019s existing equity interests in TEN (47.175%) and Jubilee (35.48%) and will be adjusted following completion of the pre-emption of the sale of Occidental Petroleum\u2019s interest in Ghana to Kosmos Energy. The\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15346"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15346\/revisions"}],"predecessor-version":[{"id":15347,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15346\/revisions\/15347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14500"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}