Tullow oil to optimise well production offshore Ghana

With all reservoir and operations risks for 2026 considered, Tullow Oil is aiming an average production rate of 34-42 kboepd, including 6 kboepd of gas 

In 2025, Ntomme and Enyenra performance from TEN led the field's total production count at 16.0 kbopd, while the exit rate from Jubilee stood at 57 kbopd. 

The company will be deploying riser system and riser-base gas lift for well production management activities, and waterflood and fluid lift optimisation. These, along with the support of high-uptime FPSO, five planned Jubilee wells (four producers and one water injector) are expected onstream this year. The J75-P, for instance -- where a rig has been active for drilling -- has recorded three good reservoir intervals. 

The recently completed J74-P well is already onstream since January, revealing 50 meters of net pay while generating an initial gross production through the wellbore at 13 kbopd. 

The well management measures align with findings from 4D seismic and Ocean Bottom Node seismic surveys to leverage significant reservoir information extracted. 

Tullow has made a strategic investment to acquire the TEN FPSO as it will simplify operational synergies between the TEN and Jubilee fields, maximising output in the long term with minimal expenses. The company has already secured 10-year and 14-year-long ratifications on the West Cape Three Points and Deep Water Tano Petroleum Agreements.

Ian Perks, chief executive officer, Tullow Oil Plc, said, “2025 has been a year of disciplined execution across the business. This includes strong operational momentum which continues with excellent results from the latest Jubilee well and a further five wells due onstream this year to support our production targets. We have achieved significant cost reductions and completed the sale of non-core assets in our ongoing efforts to streamline our portfolio and strengthen our financial position.

“However our 2025 full year free cashflow was negatively impacted by the commodity price environment towards the end of the year and delays in receipt of Government of Ghana receivables and the second instalment of proceeds from the Kenya disposal.

“The refinancing transaction we have announced today enables us to focus on delivering our near-term priorities, which include driving further cost efficiencies, improving cashflow management and optimising our production."