Tullow Declares Force Majeure on Jubilee Crude, Plans Shutdown
LONDON, March 14 (Reuters) - Tullow declared force majeure on two cargoes of Ghana's Jubilee crude oil after an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil.
The company said it declared force majeure late last week after a problem with a turret bearing.
"We have deferred two liftings at Jubilee while we implement new operating procedures for off-take from the FPSO," the company said in a statement.
The issue comes just before a two-week planned maintenance on the FPSO due to begin on March 20. Oil and gas production will continue until the planned shutdown begins, and the company said it will begin exports again towards the end of the shutdown and issue a new loading schedule near the end of the month.
Tullow said the maintenance would not impact its 2016 production guidance.
(Reporting by Libby George; Editing by Alexander Smith)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Ivory Coast Awards Tullow Two New Oil and Gas Blocks (Jan 17)
- UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output (Nov 08)
- Tullow Oil Signs Exploration Contracts Offshore Ivory Coast (Oct 11)