First Oil from Ghana Jubilee Field Scheduled for Mid-December

Tullow, Anadarko, Kosmos, Ghana National Petroleum, Sabre Oil and Gas and E.O. Group announced that first oil from the Jubilee field, offshore Ghana, is scheduled for December 15, 2010.

The Jubilee field was discovered in June 2007 and First Oil will mark the culmination of 3½ years of intensive work by the Government of Ghana and the Jubilee partners1.

In preparation, oil was produced to the FPSO2 yesterday and is being used to commission processing systems and facilities ahead of First Oil. Immediately after First Oil, the field will be capable of flowing up to 55,000 barrels of oil per day but as new wells are completed over a three to six month period, production will increase to 120,000 barrels per day.