- Tullow Ghana operates the Jubilee and TEN fields, Ghana’s flagship offshore oil developments.
- The company is investing in new wells and technology to sustain production amid global energy transitions.
Tullow Ghana Ltd: The Jubilee Breakthrough
Few foresaw the magnitude of what would be found beneath the two exploration wells that Tullow and its partners dug off the coast of Ghana in 2007. Everything changed when the Tano Basin’s Jubilee field was discovered. Ghana was on the verge of becoming one of the oil-producing countries overnight.
Tullow was named the field’s operator by 2008. Forty months later, oil began pouring in record time. A global standard for deepwater projects was set by the Jubilee development’s rapidity, which included building a Floating Production, Storage, and Offloading (FPSO) vessel. Additionally, it delivered Ghana its first significant oil earnings.
Tullow’s second major project, the TEN (Tweneboa, Enyenra, and Ntomme) fields, was introduced to build on that momentum. TEN was approved in 2013 and placed into service by 2016, solidifying Tullow Ghana’s track record of completing challenging projects on time.
Also read: Zenith Bank Ghana: Leading Innovation and Inclusion
Also read: National Communications Authority: Shaping Ghana’s networks
Tullow Ghana Ltd: Production and the Road Ahead
The Jubilee and TEN fields are still Tullow Ghana’s key resources today. Jubilee supplied about 87,000 barrels of oil per day in 2024, and TEN contributed an additional 18,500. Throughout the year, Tullow brought five new Jubilee wells online, a combination of water injectors and producers intended to increase recovery rates and maintain output. The daily production of net gas was around 6,000 barrels of oil equivalent.
After a $126 million deal in 2022, the business also boosted its equity in both fields, acquiring a dominant 54.8% of TEN and approximately 39% of Jubilee. PetroSA, the Ghana National Petroleum Corporation (GNPC), and Kosmos Energy are among the partners.
However, there are still difficulties facing Ghana’s oil sector. Long-term planning is impacted by price fluctuations, tax controversy, and international pressure to reduce carbon emissions. At the same time, Tullow and its peers are resisting natural decline with the aid of advancements in digital monitoring, well efficiency, and subsea technology.
As of right now, Tullow Ghana continues to be a vital component of the nation’s energy mix, supporting investment, stabilizing output, and influencing the course of Ghana’s offshore history.
