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Last updated: 20 Mar 2013
Tullow has been successfully operating in Africa since 1986. In recent years the Group has had significant exploration success in Uganda and Ghana where two new hydrocarbon provinces have been established and major developments have commenced. The success from these two basins and geological play types has led Tullow to expand its acreage positions in an effort to replicate the transformation success Ghana and Uganda has brought to the business. In West Africa and across the Atlantic in South America, Tullow has made further Jubille-like deepwater discoveries and a high-impact exploration campaign continues. In East Africa, Tullow acquired significant acreage positions in Kenya and Ethiopia with the first well in Kenya, in 2012, making an important discovery at Ngamia-1, which was swiftly followed by the success at Twiga South-1. A significant number of exploration and appraisal wells will now be drilled in thsi region over the coming years as Tullow attempts to open an entirely new oil province.
In Uganda, Tullow has drilled over 50 wells since 2006. Following the farmdown of two-thirds of its equity in the Lake Albert basin to CNOOC and Total in February 2012, Tullow is now working closely with the Government and its new partners on a basin-wide development plan with the potential to produce in excess of 200,000 barrels of oil per day.
In Ghana, Tullow and its partners discovered the world-class Jubilee field in 2007 and developed it in record time with production commencing in November 2010, some 40 months after discovery. During 2012, a successful programme of acid stimulation has been carried out on a number of wells to return them to their original productivity. Further development activity continued in 2012 with the Jubilee field Phase 1A Plan of Development (PoD) approval in January 2012, and the first production wells coming on stream before the end of 2012, resultign in Jubilee production reaching around 110,000 bopd in early 2013 and an exit rate for the year expected to be in excess of 120,000 bopd. In November 2012 the Tweneboa-Enyenra-Ntomme (TEN) PoD was submitted to the Government of Ghana.