Jubilee oil field
Encyclopedia
The Jubilee oil field is an oil field
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...

 located in the Atlantic Ocean
Atlantic Ocean
The Atlantic Ocean is the second-largest of the world's oceanic divisions. With a total area of about , it covers approximately 20% of the Earth's surface and about 26% of its water surface area...

.

The Jubilee field is located 60km offshore between the Deepwater Tano and West Cape Three Points blocks in Ghana. It consists of the Odum, Mahogany-2, Heydua-2 and Mahogany-3 wells.

It was discovered in 2007 and developed by Tullow Oil
Tullow Oil
Tullow Oil plc is a global oil and gas exploration company headquartered in London, United Kingdom. It has interests in over 85 licences across 23 countries and in 2010 produced 58,100 barrels of oil equivalent per day...

.

Equity partners of the Deepwater Tano block are Tullow with 49.95%, Kosmos with 18%, Anadarko with 18%, Sabre Oil & Gas with 4.05%, and Ghana National Petroleum Corporation (GNPC) with 10%.

West Cape Three Points is held by Tullow with 22.9%, Kosmos with 30.88%, Anadarko with 30.88%, Sabre Oil & Gas with 1.85%, Ghana National Petroleum (GNPC) with 10%, and EO Group with 3.5%.

The Jubilee appraisal and development programme began at the end of 2008 and the Odum, Mahogany-2, Heydua-2 and Mahogany-3 wells were drilled.

Parallel to the appraisal drilling programme, phase I development of the core field has progressed at a rapid pace since July 2008. Tullow is the operator and Kosmos Energy is the technical operator of the phase I development plan.

The tanker vessel Ohdoh was converted for the Jubilee field and christened the floating, production, storage and offloading (FPSO) vessel Kwame Nkrumah MV21.
It began production in 2010 and produces oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

. The total proven reserves
Proven reserves
Proven reserves, also called proved reserves, measured reserves, 1P, and Reserves, are business or political terms regarding fossil fuel energy sources....

of the Jubilee oil field are around 600 million barrels (82×106tonnes), and production is centered around 20000 oilbbl/d.
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