Accra – Ghana. We are pleased to announce that Tullow Ghana Ltd and its Jubilee partners as well as Eni Ghana and its Offshore Cape Three Points (OCTP) partners are restarting drilling operations in the Jubilee Field and OCTP fields respectively. This follows approval of the two drilling programmes by the Ministry of Energy and Green Transition and the Petroleum Commission.
This signals renewed investor confidence in Ghana’s upstream petroleum sector as Government implements measures to revitalize the industry following a long period of low activity. This new campaign by Eni together with the recently commenced drilling activity by Jubilee partners will sustain oil production and enhance operational efficiencies in the two fields. The restart of drilling activities and the renewed phase of investment demonstrates confidence in new direction taken by the Government and Ghana’s energy future.
Tullow contracted Noble Venturer Drillship, which is currently in Ghana’s waters, will undertake drilling of the well JBE-P as a Jubilee Full Field Development oil producer well in the Jubilee South-East area of Jubilee Field. Drilling and completion of the well is expected to span 60 days with initial production averaging 2,800 bopd in Q3 2025 and ramping upto 4,500 bopd in 2026. Afterwards, the rig will demobilise to undergo a Special Periodic Survey (SPS) and return in the 4th Quarter of 2025 to continue the Tullow’s two-year program.
Eni’s new drilling involves drilling of SNKE-1X ST2 well, a side-track of the existing SNKE- 1X ST well which will target an area of the Cenomanian reservoir of Sankofa field is expected to positively impact the Cenomanian oil production over several years, commencing in Q4 2025.
The Saipem Deep Value Driller (DVD) 7th Generation Drillship, a state-of-the-art drillship has been contracted by Eni to undertake the single campaign on the three wells over a period of four to six months. The rig sailed to location in Ghana on May 28th 2025, from its last location in Côte d’Ivoire and commenced operations almost immediately, confirming government and Contractor’s efforts to optimize the drilling activities and minimize costs.
The new drilling programmes, built on the achievements of the previous campaigns by Tullow and Eni, which saw the drilling of 50 and 21 wells respectively, delivered ahead of schedule and generally on budget and would potentially unlock further value and increase the cumulative recovery of oil by up to 7.9 MMstb and 6.2 MMstb respectively at the end of license period of the two fields. The Ministry and the Petroleum Commission will ensure the wells are delivered at excellent environmental and safety records, cost discipline, and operational excellence.
Ahead of the campaign, both Tullow and Eni in collaboration with the Petroleum Commission and other relevant agencies have carried out comprehensive stakeholder engagement programmes along Ghana’s coastline to ensure open communication and promote collaboration with communities. The activity, involving about 1,000 fishermen and local leaders have been quite successful.
The restart of drilling activities by the two global oil companies demonstrates renewed confidence in the new policy and regulatory directions by the government and viability of Ghana’s geological potential and signals to the market that Ghana’s offshore sector remains active despite the global energy transition.
Signed
RICHMOND ROCKSON, ESQ.
SPOKESPERSON AND HEAD OF COMMUNICATIONS
