GNPC, partners to strengthen development, production for 2022 – Report

The Ghana National Petroleum Corporation (GNPC) and its partners intend to produce a total of 29.20MMbbls of crude oil from the Jubilee Field at oil averaging 80,000 barrels of oil per day (bopd) under its development and production projects for the year 2022, a parliamentary report on the company’s work programme has revealed.

According to a report of the committee on mines and energy on the 2022 Work Programme of GNPC, it also plans to export 34.46 billion cubic feet of gas (bcf) with the estimated average of 94.40MMScf/d, lift six parcels of crude oil from the Jubilee Field.

Other activities include; install subsea and subsurface equipment and shutdown FPSO Kwame Nkrumah and execute critical operations such as maintenance activities. This forms part of development of the Greater Jubilee Field.

Under the Tweneboa-Enyenra-Ntomme (TEN) Field, GNPC and its partners have committed to execute the following activities: continue reservoir studies,production surveillance and subsurface management, drill and complete two development wells, produce 10.69MMbbls of crude oil averaging 29,300 bopd and lift two parcels of crude oil and export an estimated 2.74billion cubic feet of gas averaging 7.50MMScf/d.

For Sankofa-Gye-Nyame (SGN) Field, GNPC shall conduct field development activities to support the annual production of crude oil of 13.39 MMbbls averaging 36,675 bopd and a total gas export of 64.24bn cubic feet (Bcf)averaging 176million standard cubic feet per day (MMscg/d).

They also plan to lift an estimated three parcels of crude oil on behalf of the Ghana group as well as aid its partners to re-develop GI-3 well into an oil producer and continue performing acid stimulation jobs on some selected wells.

GNPC also plans to acquire 1,600 -9km of 2D seismic data and process 827.5 (50% OF 1,655 -line km) of 2D seismic data and conduct geochemistry survey by collecting and analysing 1,584 samples for its Voltaian basin project which falls under their exploration and appraisal projects.

For Block- 1 project, the corporation shall acquire 1,200sq.km of 3D seismic data and process 480sq.km (40% of 1,200) of 3D data.

The report further revealed that GNPC acquired 7percent commercial interests in the Jubilee and TEN Fields from Anadarko Corporation through Anadarko Offshore Holding Company LLC in October 2021. At the request of GNPC, the Ministry of Finance transferred the amount of US$164,798,691 (US$164.7m) to Anadarko Offshore Holding Company LLC in full settlement of the 7 percent stake in Deepwater Tano (DWT) and West Cape Three Points (WCTP).

GNPC has since paid US$60m of the total amount to the Ministry of Finance according to the agreed repayment schedule. GNPC is currently taking steps to transfer the 7percent stake to GNPC Explorco, the commercial subsidiary of GNPC.

Source: norvanreports.com