kosmos RNS 27-021 Mar 2023 11:12
"At the Jubilee Southeast development, two of the three wells were drilled during the fourth quarter 2022 and the third was drilled in early January 2023. The results of all three wells came in above expectations with additional reservoirs penetrated, and the primary horizons indicating connectivity to the main Jubilee field, which should support higher recovery from the field in the future.
The project remains on time and on budget, with initial production expected in mid-2023. The partnership expects the new wells to increase gross production in the field to approximately 100,000 bopd.
At TEN, a water injection well (En16) was brought online in December 2022 and is expected to provide pressure support for production from Enyenra in 2023. No new wells are planned at TEN in 2023 and the partnership is working to high-grade the future activity set to maximize value from the assets.
In 2022, the partnership exported approximately 109 million standard cubic feet per day (gross) on average from the Jubilee & TEN fields, fulfilling the remaining committed volumes to be provided to the Government of Ghana in connection with the approval of the Jubilee Phase 1 plan of development. From 2018 through 2022, approximately 19 Bcf of the first 200 Bcf of natural gas was substituted from the TEN fields in order to maintain consistent gas volumes for Ghana domestic power purposes. In December 2022, an interim gas sales agreement for 19 Bcf (gross) was executed with the Government of Ghana, which allowed for gas to be sold at $0.50 per mmbtu, in line with the agreed TEN gas sales agreement terms. The 19 Bcf is expected to be exported by the middle of 2023. The partnership is currently in discussions with the Government of Ghana regarding a future long-term gas sales agreement covering both the Jubilee and TEN fields."
overall seems positive
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