President Nana Addo Dankwa Akufo-Addo of Ghana on Friday, September 8, 2023, commissioned First Oil from the Jubilee South East (JSE) Project, a project undertaken by Tullow, in collaboration with the Ghana National Petroleum Company (GNPC), Kosmos Energy, Jubilee Oil Holdings Limited, and Petro SA.
The JSE Project is a $1 billion investment that is expected to boost gross production from the Jubilee field to over 100,000 barrels of oil per day by the end of the year. The project also has the potential to generate significant revenue for the government and create jobs for Ghanaians.
In his address at the commissioning ceremony, President Akufo-Addo said that the success of the JSE Project is a testament to the hard work and dedication of the Ghanaian people. He also said that the project is a major milestone in Ghana’s journey towards becoming a major oil and gas producer.
President Akufo-Addo also reiterated the government’s commitment to using natural gas for domestic purposes, such as power generation. He said that the government is working to expedite discussions with Tullow and its partners to agree on a gas sales agreement.
The commissioning of First Oil from the Jubilee South East Oil Field Project is a major development for Ghana’s oil and gas industry. The project is expected to boost economic growth and create jobs, and it is a sign of Ghana’s commitment to becoming a major player in the global energy market.
In addition to the economic benefits, the JSE Project is also expected to have a positive impact on the environment. The project is using advanced technologies to reduce its environmental footprint, and it is expected to help Ghana meet its climate change goals.
The commissioning of First Oil from the Jubilee South East Oil Field Project is a significant milestone for Ghana. It is a testament to the hard work and dedication of the Ghanaian people, and it is a sign of Ghana’s commitment to becoming a major player in the global energy market.
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