<h1>Jubilee Oil and Gas Project,Ghana</h1>
<p>The Jubilee Oil and Gas Project is an operating offshore oil and gas project in Ghana,operated by Tullow. The project is a conventional deepwater development and one of Ghana’s most important producing upstream assets. Jubilee brought Ghana into large-scale commercial offshore oil production after first oil was achieved in 2010 through the FPSO Kwame Nkrumah. The field remains central to Ghana’s upstream sector,with Tullow,Kosmos Energy,Ghana National Petroleum Corporation,and PetroSA participating. Ghana and the Jubilee partners have worked to extend production licenses and support further drilling and investment into the 2040 period.</p>
<h2>Quick Facts</h2>
<table><colgroup><col/><col/></colgroup><tbody>
<tr><th colspan="1" rowspan="1"><p>Item</p></th><th colspan="1" rowspan="1"><p>Details</p></th></tr>
<tr><td colspan="1" rowspan="1"><p>Project Name</p></td><td colspan="1" rowspan="1"><p>Jubilee Oil and Gas Project</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Country</p></td><td colspan="1" rowspan="1"><p>Ghana</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Fuel Type</p></td><td colspan="1" rowspan="1"><p>Oil and gas</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Production Type</p></td><td colspan="1" rowspan="1"><p>Conventional</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Status</p></td><td colspan="1" rowspan="1"><p>Operating</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Status Year</p></td><td colspan="1" rowspan="1"><p>2024</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Operator</p></td><td colspan="1" rowspan="1"><p>Tullow</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Owner(s)</p></td><td colspan="1" rowspan="1"><p>Tullow [43%]; Ghana National Petroleum Co [19%]; Kosmos Energy [34%]; PetroSA [3%]</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Parent Company</p></td><td colspan="1" rowspan="1"><p>Tullow Oil PLC [43.1%]; Kosmos Energy [34.1%]; Ghana National Petroleum Co [19.7%]; PetroSA [3.1%]</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Onshore/Offshore</p></td><td colspan="1" rowspan="1"><p>Offshore</p></td></tr>
</tbody></table>
<h2>Project Overview</h2>
<p>The Jubilee Oil and Gas Project is a producing offshore development off Ghana’s coast in the Gulf of Guinea. It established Ghana as a commercial deepwater oil producer. Tullow drilled two successful exploration wells in 2007,and the Jubilee field was one of the largest oil discoveries offshore West Africa during that period. The project is operated by Tullow and held by a joint venture including Tullow,Kosmos Energy,Ghana National Petroleum Corporation,and PetroSA. Tullow was appointed Jubilee operator in October 2008. First oil was achieved in November 2010 after a development programme that included construction and deployment of a floating production,storage,and offloading vessel. Jubilee produces hydrocarbons through offshore facilities and remains an active producing upstream asset.</p>
<h2>Location</h2>
<p>The project is located offshore approximately 60 km from the Ghanaian coast in the Gulf of Guinea. Coordinates are 4.5350000 latitude and -2.9000000 longitude. The field lies within the West Cape Three Points and Deepwater Tano license areas. The development is a deepwater asset that required subsea wells,subsea production systems,floating production infrastructure,and marine logistics. The FPSO Kwame Nkrumah is the producing facility associated with first oil.</p>
<h2>Ownership and Operatorship</h2>
<p>Tullow operates the Jubilee Oil and Gas Project. Ownership includes Tullow,Ghana National Petroleum Corporation,Kosmos Energy,and PetroSA. Participating interests have changed over time; after completion of pre-emption related to the sale of Occidental Petroleum’s Ghana interests to Kosmos Energy,Tullow’s participating interest was 38.98%,Kosmos at 38.61%,GNPC at 19.69%,and PetroSA at 2.72%. Kosmos served as Technical Operator for Development at Jubilee. The consortium structure includes an international operator,technical and financial partners,and a national oil company participant.</p>
<h2>Development History</h2>
<table><colgroup><col/><col/><col/></colgroup><tbody>
<tr><th colspan="1" rowspan="1"><p>Milestone</p></th><th colspan="1" rowspan="1"><p>Year</p></th><th colspan="1" rowspan="1"><p>Details</p></th></tr>
<tr><td colspan="1" rowspan="1"><p>Discovery milestone</p></td><td colspan="1" rowspan="1"><p>2007</p></td><td colspan="1" rowspan="1"><p>Tullow drilled two successful exploration wells in Ghana,with Jubilee becoming a major offshore West African discovery.</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Development milestone</p></td><td colspan="1" rowspan="1"><p>2008</p></td><td colspan="1" rowspan="1"><p>Tullow appointed operator of the Jubilee field in October 2008.</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Production milestone</p></td><td colspan="1" rowspan="1"><p>2010</p></td><td colspan="1" rowspan="1"><p>First oil achieved in November 2010 through the Jubilee development and the FPSO Kwame Nkrumah.</p></td></tr>
<tr><td colspan="1" rowspan="1"><p>Recent status milestone</p></td><td colspan="1" rowspan="1"><p>2025</p></td><td colspan="1" rowspan="1"><p>The Government of Ghana,Tullow,Kosmos,PetroSA,GNPC,and Explorco signed a memorandum of understanding to extend relevant Ghana production licenses to 2040.</p></td></tr>
</tbody></table>
<p>Jubilee’s development history is notable for the speed of transition from discovery to production – first oil achieved 40 months after the first discovery well. The field was developed using a subsea production and control system tied back to the turret-moored FPSO Kwame Nkrumah. The FPSO was created through conversion of a very large crude carrier. After startup,Jubilee became the foundation of Ghana’s commercial offshore oil production.</p>
<h2>Infrastructure and Facilities</h2>
<p>The key infrastructure is the FPSO Kwame Nkrumah. MODEC reported that the FPSO achieved first oil commissioning offshore Ghana on November 28,2010. Kosmos’ public release on Jubilee first oil stated that the field was developed using a subsea production and control system tied back to the turret-moored FPSO. The FPSO was created through conversion of a very large crude carrier into a floating production unit. The development is a classic deepwater FPSO-based field development,using subsea wells and subsea systems rather than fixed shallow-water platforms.</p>
<h2>Production and Reserves</h2>
<p>Jubilee is an operating producing asset with first oil in 2010 and continuing production activity. Current production figures vary by reporting period. The 2025 memorandum of understanding covering the Jubilee and TEN license areas stated that the partners expected a material increase in gross 2P reserves as part of the extension and investment framework. Recent public updates indicate that further drilling was planned or underway,including additional Jubilee wells under the broader license-extension framework.</p>
<h2>Recent Developments</h2>
<p>In 2025,a memorandum of understanding was signed by the Government of Ghana,Tullow Oil,Kosmos Energy,PetroSA,GNPC,and Explorco covering extension of the West Cape Three Points and Deep Water Tano licenses to 2040. The agreement included approval to drill up to 20 additional wells in the Jubilee field and represented investment of up to USD 2 billion over the life of the licenses. Tullow recommenced drilling and brought onstream the first of two planned 2025 production wells at Jubilee. In 2026,Ghana cleared significant energy-sector debts and worked with Tullow and Jubilee Field partners on a long-term payment plan.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.gem.wiki/Jubilee_Oil_and_Gas_Project_(Ghana)" rel="nofollow noopener" target="_blank">Global Energy Monitor - Jubilee Oil and Gas Project (Ghana)</a></li>
<li><a href="https://www.tullowoil.com/our-operations/ghana/" rel="nofollow noopener" target="_blank">Tullow Oil - Ghana Operations</a></li>
<li><a href="https://www.kosmosenergy.com/ghana/" rel="nofollow noopener" target="_blank">Kosmos Energy - Ghana</a></li>
<li><a href="https://www.kosmosenergy.com/press/kosmos_PR_121510.pdf" rel="nofollow noopener" target="_blank">Kosmos Energy - Jubilee First Oil News Release</a></li>
<li><a href="https://www.modec.com/news/2010/20101227.html" rel="nofollow noopener" target="_blank">MODEC - FPSO Kwame Nkrumah First Oil Announcement</a></li>
<li><a href="https://investors.kosmosenergy.com/news-releases/news-release-details/government-ghana-tullow-oil-kosmos-energy-petrosa-gnpc-and" rel="nofollow noopener" target="_blank">Kosmos Energy - Ghana License Extension Memorandum of Understanding</a></li>
<li><a href="https://worldoil.com/news/2025/6/4/tullow-kosmos-and-partners-agree-to-extend-ghana-production-licenses-to-2040/" rel="nofollow noopener" target="_blank">World Oil - Tullow,Kosmos and Partners Agree to Extend Ghana Production Licenses to 2040</a></li>
<li><a href="https://www.offshore-energy.biz/west-africas-oil-gas-field-pair-to-remain-in-production-mode-until-2040/" rel="nofollow noopener" target="_blank">Offshore Energy - Jubilee and TEN Production License Extension</a></li>
<li><a href="https://www.nsenergybusiness.com/projects/jubilee-field-development/" rel="nofollow noopener" target="_blank">NS Energy - Jubilee Oil and Gas Field,Ghana</a></li>
<li><a href="https://www.reuters.com/sustainability/boards-policy-regulation/ghana-clears-147-billion-energy-debts-finance-ministry-says-2026-01-12/" rel="nofollow noopener" target="_blank">Reuters - Ghana Energy-Sector Debt and Jubilee Partner Payment Context</a></li>
</ul>
<h2>Related Topics</h2>
<ul>
<li>Ghana offshore oil and gas production</li>
<li>Jubilee Field development history</li>
<li>FPSO Kwame Nkrumah</li>
<li>Tullow Ghana operations</li>
<li>Kosmos Energy Ghana portfolio</li>
<li>GNPC upstream participation</li>
<li>Deepwater Tano and West Cape Three Points licenses</li>
<li>FPSO-based deepwater field development</li>
<li>Offshore asset integrity and mature-field optimization</li>
</ul>

IEPTC reference profile for Jubilee Oil and Gas in Ghana,covering asset type,location,development status,and upstream industry context.

Jubilee Oil and Gas Project,Ghana

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Jubilee Oil and Gas Project,Ghana

Jubilee Oil and Gas Project,Ghana

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