Jubilee Oil Field

Last updated
Jubilee Oil Field
Jubilee Oil Field of the Ghana National Petroleum Corporation (GNPC) and National Petroleum Authority.png
Jubilee Oil Field of the Ghana National Petroleum Corporation (GNPC) and National Petroleum Authority.
Country Ghana
RegionFlag of Western Region (Ghana).gif Western Region
Location South Atlantic Ocean
Offshore/onshoreoffshore
Coordinates 4°29′31″N2°54′58″W / 4.492°N 2.916°W / 4.492; -2.916
Operator Tullow Oil - 35.48%
Kosmos Energy - 24.1%
Occidental Petroleum - 23.4%
Ghana National Petroleum Corporation - 10%
PetroSA Ghana - 4.05%
Field history
Discovery2007
Start of development2007
Start of production2010
Production
Current production of oil75,000 barrels per day (~3.7×10^6 t/a)
Year of current production of oil2021
Estimated oil in place368 million tonnes
(~ 500×10^6 m3 or 3000 million  bbl)
Estimated gas in place34×10^9 m3
1.2×10^12 cu ft

The Jubilee Oil Field is an oil field located off the coast of Ghana's Western Region in the South Atlantic Ocean under the ownership of the Kosmos Energy, Occidental Petroleum and the Tullow Oil.

Contents

The Jubilee field is located 60 km offshore, between the Deepwater Tano and West Cape Three Points blocks off the coast of the Ghana's Western Region in Ghana.

History

Jubilee offshore oilfield was discovered in 2007 by Kosmos Energy and developed by Tullow Oil.

Equity partners of the Deepwater Tano block are Tullow with 49.95%, Kosmos with 18%, Oxy with 18%, PetroSA Ghana with 4.05%, and Ghana National Petroleum Corporation (GNPC) with 10%.

West Cape Three Points is held by Tullow with 22.9%, Kosmos with 30.88%, Oxy with 30.88%, PetroSA Ghana with 1.85%, GNPC with 10%, and EO Group with 3.5%.

The Jubilee appraisal and development programme began at the end of 2008 and the Odum, Mahogany-2, Heydua-2 and Mahogany-3 wells were drilled.

Parallel to the appraisal drilling programme, phase I development of the core field has progressed at a rapid pace since July 2008. Tullow is the operator and Kosmos Energy is the technical operator of the phase I development plan.

The tanker vessel Ohdoh was converted for the Jubilee field and christened the floating, production, storage and offloading (FPSO) vessel Kwame Nkrumah MV21.

Production

Jubilee offshore oilfield began production in 2010 and produces oil. The total proven reserves of the Jubilee oil field are around 3 billion barrels (480,000,000 m3), [1] and production is centered on 150,000 barrels per day (24,000 m3/d). [2]

Tullow Oil failed to meet production targets at the Jubilee oilfield at the end of 2012, causing problems for the firm and the Ghanaian government. The declining productivity led to declining revenues for the government who had budgeted for oil revenue of more than $650 million. [3] The corresponding shortfall was more than $410 million. [3] The oil firm blamed the decline on "sand contamination of the flowlines that carry the oil from the underwater wells" to the storage facility on the surface. [3]

The field produced 75,000 barrels per day (11,900 m3/d) in 2021. [4]

Readiness Report Card

On April 11, 2011, the Civil Society Platform on Oil and Gas (funded by the World Bank) gave Ghana a "C" grade in its Readiness Report Card. [5] This report evaluates the government's performance in 10 thematic areas: Transparency, Independent Regulation of the Sector / Role of GNCP, Licensing and Contracts, Citizen Participation / Public Oversight, Petroleum Revenue Collection, Oil Revenue Management / Oil Funds, Linking Oil Revenue Spending to Development Planning, Budget Openness and Public Financial Management, Social and Environmental Issues, and Local Content. [5] The assessments were based from the Government of Ghana, Parliament of Ghana, Ghana's Donor Partners, Oil and Gas Companies, and Civil Society. [5]

Transparency

Since the discovery of oil in 2007, the administrators placed the importance of transparency and accountability in the management of the oil sector and revenues. It ensures value for money for contracts, allows citizens to monitor contract executions and prevents corruption among others. [5] The grade given was a B.

Independent Regulation of the Sector / Role of GNCP

Ghana's Petroleum law put the power to regulate petroleum operations to the Minister. The Minister has however relied on the technical expertise of the Ghana National Petroleum Corporation (GNPC) to perform this function. As a result, some misunderstanding regarding the role of the GNPC and thereby raised issues of conflict of interest in the GNPC‘s functions. The independent regulation will continue to be problematic because of technical capacity problems usually faced by new oil producers, lack of appropriate logistics and equipment, financial dependence on the government and possible political party patronage from the governing board of the Petroleum Commission. [5] The grade given was a D.

Licensing and Contracts

A transparent and competitive licensing and contracting processing in the oil and gas sector to properly start the operation of offshore drilling. As little progress was made since demands for a moratorium on new explorations licenses were ignored and closed door negotiations continued. This resulted in 41 companies expressed their interest in Ghana's new oil production which would increase revenue to the country. [5] Members of Parliament in both the majority and minority have complained that votes have taken place without all members having access to the full agreement, which led to Conflicting evidence of parliamentary engagement in approval of oil agreements. [5] The grade given was a D.

Social and Environmental Issues

Most of the negative environmental consequences of oil industry activities are localized and more intense in the areas of primary activities, but each round of environment degrading activity tends to increase the incidence of poverty among vulnerable groups such as fishermen and their dependents. This also escalated the exploitation of existing natural resources such as pollution of major fishing waters leads to massive exploitation of marginal fishing waters. [5] This led to a vicious cycled relationship between the environmental degradation and poverty incidence as fishermen did not receive any compensation from oil companies. the call on government to establish an inclusive process to manage the conflicting use of the sea and the development of clear regulations on compensations has received very little attention. A study, by Oxfam America in 2009 on the environmental material for the first phase of the Jubilee project, summaries the weaknesses in the assessment as incorrect classification of the Jubilee project as Category B, no complete ESIA, preconceived conclusions, second-hand, single hulled tanker, inadequate assessment of impacts on endangered species, critical habitats, dumping of drilling wastes into the sea, and lack of demonstration of compliance with international standards. [6] The grade given was a D.

Social Issue with Fishing Industry in Ghana

The fishing industry in Ghana accounts for nearly 5% of GDP and supported up to 10% of the country's population which approximated 2 million people that were involved in localized catching, marketing and processing. [7] While there was no law obliging to accommodate any of the fishing industry in the event of a spill off the coast of Ghana. Therefore no compensation fund was set to give forth to fishermen in an event of a spill. [7] A law was passed where fishermen could not be in a 500-meter radius around Jubilee, which limits the fishermen. [7] Fishermen noticed an increase of tankers, shipping traffic, and risks of collision as more ballasts were being dumped into sea, resulting in pollution and less fish. [7]

Environmental Issues of Pollution

On November 3, 2011, fishermen spotted a large oil slick floating towards land. The following day, oil sludge hit beaches of several fishing communities at Ghana’s Ahanta West District. [8] Tarballs, which are blobs of petroleum floating in the ocean, have been seen floating on the coast from Jubilee’s new drilling. [7] Pipelines running from offshore rigs can also worsen water quality. In addition, toxic waste brought from offshore drilling may pollute drinking water. The offshore drilling has also affected the biodiversity of the marine ecosystems. As fishermen have reported less fish being caught and seen which result in less revenue. [8] In 2009, it was reported that 8 dead whales washed ashore. [8]

Sister well

See also

Related Research Articles

The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately 50km to the south west of Basra City. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves, estimated at 143 billion barrels. Rumaila is said to be the largest oilfield ever discovered in Iraq and is one of the three largest oil fields in the world.

<span class="mw-page-title-main">Statfjord oil field</span>

The Statfjord oil field is a large oil and gas field covering 580 km2 in the U.K.-Norwegian boundary of the North Sea at a water depth of 145 m, discovered in 1974 by Mobil and since 1987 operated by Equinor.

<span class="mw-page-title-main">Schiehallion oilfield</span>

The Schiehallion oilfield is a deepwater offshore oilfield approximately 175 kilometres (110 mi) west of the Shetland Islands in the North Atlantic Ocean. The Schiehallion and adjacent Loyal field were jointly developed by BP on behalf of the Schiehallion field partners; BP, Shell, Amerada Hess, Murphy Oil, Statoil and OMV, and the Loyal field partners; BP and Shell.

Foinaven oilfield is a deep-water oil development approximately 190 kilometres (120 mi) west of the Shetland Islands. Together with Schiehallion, Loyal, Solan, Clair and Lancaster fields it forms the area generally termed as the West of Shetland.

<span class="mw-page-title-main">History of the petroleum industry in Canada (frontier exploration and development)</span>

Canada's early petroleum discoveries took place near population centres or along lines of penetration into the frontier.

<span class="mw-page-title-main">Bouri Field</span> Libyan offshore oil field

The Bouri Offshore Field is part of Block NC-41, which is located 120 kilometers (75 mi) north of the Libyan coast in the Mediterranean Sea. It was first discovered in 1976 at a depth of 8,700 feet (2,700 m) and is estimated to contain 4.5 billion barrels (720,000,000 m3) in proven recoverable crude oil reserves and 3.5 trillion cubic feet (99 km3) of associated natural gas with an annual production potential of 6 billion m³. Bouri is considered the largest producing oilfield in the Mediterranean.

<span class="mw-page-title-main">Tullow Oil</span> Multinational oil and gas exploration company

Tullow Oil plc is a multinational oil and gas exploration company founded in Tullow, Ireland, with its headquarters in London, United Kingdom. The company is listed on the London Stock Exchange.

Following is a list of Oil megaprojects in the year 2010, projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel. This is part of the Wikipedia summary of Oil Megaprojects.

<span class="mw-page-title-main">Mining industry of Ghana</span>

The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports. Gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 20 large-scale mining companies producing gold, diamonds, bauxite and manganese; over 300 registered small scale mining groups; and 90 mine support service companies. Other mineral commodities produced in the country are natural gas, petroleum, salt, and silver.

<span class="mw-page-title-main">Oil reserves in Ghana</span> Oil reserves located in Ghana

The petroleum industry of Ghana is regulated by the state-owned Ghana National Petroleum Corporation (GNPC) and administered by the state-owned Ghana Oil Company (GOIL).

The East Midlands Oil Province, also known as the East Midlands Petroleum Province, covers the petroliferous geological area across the north-eastern part of the East Midlands of England that has a few small oil fields. The largest field in the province is the Welton oil field, the second largest onshore oil field in the UK.

<span class="mw-page-title-main">Offshore oil and gas in California</span> Drilling in state and federal zones

Offshore oil and gas in California provides a significant portion of the state's petroleum production. Offshore oil and gas has been a contentious issue for decades, first over the question of state versus federal ownership, but since 1969 mostly over questions of resource development versus environmental protection.

<span class="mw-page-title-main">Oil and gas industry in the United Kingdom</span>

The oil and gas industry plays a central role in the economy of the United Kingdom. Oil and gas account for more than three-quarters of the UK's total primary energy needs. Oil provides 97 per cent of the fuel for transport, and gas is a key fuel for heating and electricity generation. Transport, heating and electricity each account for about one-third of the UK's primary energy needs. Oil and gas are also major feedstocks for the petrochemicals industries producing pharmaceuticals, plastics, cosmetics and domestic appliances.

FPSO <i>Noble Seillean</i>

The FPSO Noble Seillean was a dynamically positioned floating oil production, storage and offloading vessel.

<span class="mw-page-title-main">Ghana National Petroleum Corporation</span> Ghanaian state agency

The Ghana National Petroleum Corporation (GNPC) is a state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.

Saltpond Oil Field is an oil field off the coast of Ghana. The field was discovered in 1970 by Signal-Amoco Consortium. The field is currently managed by the Saltpond Offshore Producing Company (SOPCL), Ghana's oldest producer of crude oil.

<span class="mw-page-title-main">Panna-Mukta oilfield</span>

The Panna-Mukta oilfield consists of two contiguous offshore oil fields to the northwest of Mumbai, India.

<span class="mw-page-title-main">Kosmos Energy</span> American oil and gas company

Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western Sahara. It discovered the Jubilee oil field off the coast of Ghana and the cross-border Tortue gas field offshore Mauritania and Senegal. Kosmos was the focus of a documentary Big Men that followed the company as it worked to establish the Jubilee oil field in Ghana.

The FPSO John Evans Atta Mills is a floating production storage and offloading (FPSO) vessel. It operates in the Tweneboa-Enyenra-Ntomme Oil Field off the western coast of Ghana. She is named after a former president of Ghana the late John Evans Atta Mills.

The Tweneboa Enyenra Ntomme Oil Field is an oil field within Ghana's territorial waters and the country's second major oil field after the Jubilee Oil Field. It is popularly known as the TEN oil field, an acronym formed from the three drilling fields that it comprises. Coincidentally, the exploration for oil in the basin also started with ten pre-first oil wells.

References

  1. ↑ "Ghana leader: Oil reserves at 3B barrels – Yahoo! News". 22 December 2007. Archived from the original on 26 December 2007. Retrieved 21 December 2010.
  2. ↑ "Jubilee Field, Ghana". offshore-technology.com. 2010. Retrieved 2011-01-03.
  3. 1 2 3 Tullow Oil's projections cause budgetary worries in Africa, Liberia: GNN Liberia, 2013
  4. ↑ "Tullow Oil shares tumble despite cut in losses and debt levels". 9 March 2022.
  5. 1 2 3 4 5 6 7 8 "Ghana's Oil Readiness Report". www.oxfamamerica.org. Retrieved 2020-05-10.
  6. ↑ Pacific Environment - Review of Environmental Material for Phase 1of the Jubilee Oil Project Offshore Ghana February 10, 2009.
  7. 1 2 3 4 5 "Fishing and the offshore oil industry: A delicate imbalance". Center for Public Integrity. 10 June 2011. Retrieved 2020-05-10.
  8. 1 2 3 "West Africa oil boom overlooks tattered environmental safety net". Center for Public Integrity. 19 January 2012. Retrieved 2020-05-10.
  9. ↑ Ghana, Government of. "Ghana's second major oil field Tweneboa-Enyenra Ntomme to pour fist oil in 2016". ghanatrade.gov.gh. Retrieved 29 May 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.