2019 estimated production12 Jan 2019 14:29
Based on the November ops update, extract below, I estimate we are looking at approx 100,000 boe? Any one agree or not. I haven’t included pilot production in Kenya.
Jubilee and TEN Fields
The Jubilee field has performed well throughout the year. One production well and one injection well have been brought on line and a further new production well is expected to be completed before year-end. Tullow forecasts full year gross production to average around 81,200 bopd (net: 28,800 bopd) and expects net production-equivalent insurance payments for the full year to be around 8,000 bopd. Accordingly, full year net production guidance from Jubilee, including production-equivalent insurance payments, is now around 36,800 bopd, in line with expectations.
The Turret Remediation Project has been progressing to plan. Before the end of the year, Tullow expects to rotate the vessel to its optimum heading where it will be permanently spread moored. No shutdown is now expected to be required for this work.
The TEN fields have performed in line with expectations with full year 2018 gross production expected to average around 65,000 bopd (net: 30,600 bopd). A new production well was completed and tied-in as planned during August 2018 and together with a second production well in January 2019, gross production is expected to increase to around 80,000 bopd in early 2019.
Non-operated Portfolio
The West Africa non-operated portfolio has continued to perform in line with expectations and production is expected to average around 21,500 bopd net in 2018.
Sign In
Follow the stocks
