Great news .....7 Mar 2020 11:44
LISTEN MAR 6, 2020
The Jubilee Offshore Field Manager in-charge of the FPSO Kwame Nkrumah, Bruce Tait, says challenges with the FPSO’s turret bearing have been resolved.
He said the issue was fixed with an industry groundbreaking innovation, placing it in a safe location after the damaged bearing was replaced.
The Jubilee Offshore Field Manager who was speaking to Citi News as he led a tour of journalists on the operations of the Kwame Nkrumah FPSO said the FPSO is currently producing 92,200 barrels of oil per day without any offloading difficulties as was encountered when the turret bearing was faulty. Article on modernghana.com
As posted earlier by poster. This is worth a mention and along with Dow recovering late Friday it bodes well for a Chinese gain and a green day Monday. We just have to take this on a day to day basis. No fraud has been committed like Afren did so these ARE NOT going bust , oil will get a short flip north Monday again support Tlw but I must admit we need clarifying from the BOD who by the looks of have made up their mind to stay quiet until results day. Good luck ...... I remember buying n selling around the £17 levels many years ago .... oh how times have changed. I remember they used to go up £1-2 a time with oil finds coming quicker than the current virus. Wow. Just wow. Fall from grace .... nahhh. This is in a league of its own for sure.