Minister of Petroleum Emmanuel Armah-Kofi Buah has received the plan of development on behalf of the Government of Ghana in his office at the Ministry.
The collaborative effort between Tullow Ghana and Kosmos will see all wells produced through the current Jubilee FPSO vessel with the expansion of the existing subsea architecture to accommodate the additional wells required for economical exploitation of the discoveries.
The Greater Jubilee Full Field supported by GNPC is an integration of nearby Mahogany and Teak discoveries in the West Cape Three Points Block with the Jubilee Field.
Jubilee has been developed using a combination of water and gas injection for pressure support and sweep.
Mahogany will be developed via water injection only and Teak via gas depletion in the Development Case.
A statement released Edward Bawa on Wednesday said the gesture is in fulfillment of the Ministry of Petroleum’s 2015 Meet-The-Press Series undertaking that a joint Front End Engineering Design (FEED) was being carried out to determine the facilities needed for the integration.
Mr Buah stated then that both contractors had until the end of the year to submit the Greater Jubilee Full Field Development Plan.
It is in this regard that Mr Buah congratulated both contractors for delivering the PoD on time.
He also stated that the Ministry together with the Petroleum Commission and GNPC will review the entire document and if satisfied, an approval will then be granted.
Mr Lawrence Apaalse, Petroleum Director at the Ministry, explained that the Plan of Development is an integrated documented scheme designed to optimize the development and production of discovered hydrocarbon resources.
Mr Apaalse further added that a “PoD is needed to provide the legal, regulatory, economic and technical basis to guide both the state and investor in the processes involved with extracting oil and gas”.
Source: tv3network.com|Ghana
