The 120,000 barrels production target by early 2013 ? Tullow

Posted On Thursday, 17th May 2012

Tullow Oil is now expecting to achieve the 120 thousand barrels production target to be reached early next year.

This comes after the Jubilee operator, produced, a little over 33 million barrels from the Jubilee field from January after 34 liftings.

The Jubilee operator also expects work on the country?s next oil field Tweneboa, Enyenra- Ntomme to begin 30 months after it secures approval from government this year.

The announcement was contained in an interim management statement issued by Tullow Oil ahead of its Annual General Meeting in London today.

Tullow plans spending 2 billion dollars on its exploratory activities this year; about half of this will be invested in Ghana.

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