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Tullow Oil Plans to Start First Gas Delivery From Jubilee By 2011

10-07-2008

Tullow Oil, the Irish exploration company leading the oil search in several African countries, plans to supply its first natural gas from its Jubilee field to Ghana in 2011.

A fuel delivery agreement is expected by the end of the year, the Dublin based company said yesterday in a presentation posted on its Web site. Tullow gas deliveries will help Ghana to reduce imports of liquefied petroleum gas.

Ghana has an "imperative to develop gas market and infrastructure", Tullow said in the presentation to analysts. "Jubilee field characteristics support onshore utilisation of gas," the company said.

Tullow plans to invest about $3.2bn to develop Jubilee offshore Ghana and produce the first oil in 2010. Tullow is targeting about 4bn barrels of oil and gas resources in the  Gulf of Guinea, offshore Ghana and Ivory Coast.

The Jubilee deposit will initially be able to export 30m cubic feet of gas a day, according to Tullow. Ghana's gas demand will rise about 67pc to 350m cubic feet a day in 2012.

Chevron and Royal Dutch Shell operate the West African Gas pipeline, which is able to deliver 120m cubic feet of gas a day to Ghana from Nigeria.