Kosmos Energy alongside its joint venture partners Tullow Oil (operator), Ghana National Petroleum Corporation and Petro SA have announced the successful start-up of the Jubilee South East (JSE) project, offshore Ghana.

The first JSE production well has been brought onstream with a second JSE production well expected onstream this month. These two wells are expected to take Jubilee production to over 100,000 bopd gross. An additional production well and water injection well are expected online later this year, which should further enhance production.

The partnership plans to maintain this increased level of production at Jubilee over the next few years through an ongoing infill drilling program. The partnership has identified multiple future drilling locations and is focused on high-grading these opportunities to further extend the plateau and realize the full potential of the significant Jubilee resource base.

As the operator notes in its press release today, the partnership has invested c. $1 billion over the last three years on the JSE project to drill wells and install the infrastructure needed to bring previously undeveloped reserves to production. The project has advanced the use of local suppliers and the majority of the complex offshore infrastructure has been fabricated by local companies in Ghana with more than 90% local workforce. This demonstrates the evolution of the Ghanaian supplier base that can now support substantial elements of its oil and gas industry and is testament to the partnership’s commitment to developing local capacity.

Commenting on the start-up of the Jubilee South East project, Chairman and Chief Executive Officer Andrew G. Inglis said: 
“This is a significant milestone for Ghana and for the partnership, with growing production expected to drive higher revenues for the country and partners for years to come. Delivery of Jubilee South East is the first of three major growth projects for Kosmos. This catalyst represents the inflection point of rising production and lower capital that we expect will flow through 2H23 into 2024. We believe Jubilee has the potential to deliver in excess of a billion barrels of oil equivalent gross, generating material value for the people of Ghana, the partnership and our investors.”

KeyFacts Energy: Kosmos Energy Ghana country profile   l   Tullow Ghana country profile