Kosmos opened a significant new hydrocarbon province, the Tano Basin, with the dramatic discovery of the Jubilee Field in the deep waters offshore the Republic of Ghana in 2007. The Jubilee Field straddles both the West Cape Three Points and Deepwater Tano blocks. Success at Jubilee was the result of the company’s identification of the overlooked Upper Cretaceous structural-stratigraphic play concept along the Transform Margin of Africa. It was one of the largest finds of that year worldwide, and the largest find of the entire decade offshore West Africa.
The company served as Technical Operator for Development at Jubilee. The Jubilee Field development was designed in a phased approach to bring first production on quickly and to apply early learnings to follow-on phases. First production was in late 2010, just three and a half years from the initial discovery, a record timeframe in deepwater FPSO developments. Kosmos is implementing the next phase of development at Jubilee, bringing new production and water injection wells online. Current production at the field is approximately 110,000 barrels of oil per day, as production from the field is testing the capacity limits of the FPSO. Kosmos is studying debottlenecking opportunities to further expand the production capabilities and anticipates exiting 2013 with record production levels. Additional phases at Jubilee are planned, with long-life plateau production at the field expected for many years.