Kosmos Energy celebrates first oil from $3.3B Jubilee field offshore West Africa

Kosmos Energy announces that the company has inaugurated oil production from its $3.3 billion world-class Jubilee Field development offshore the Republic of Ghana. Kosmos and its partners are participating in a formal celebration to commemorate first oil hosted by His Excellency John Atta Mills, President of Ghana. The first phase of Jubilee production has begun, ramping up to 55,000 barrels of oil per day (BOPD) this month and 120,000 BOPD during the first half of 2011 as additional wells are completed. This marks the beginning of Ghana’s first significant commercial oil production and will allow the country to join the ranks of sizable West African oil exporters. 
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Source: Penn Energy