Jubilee Field operating cost incredibly low

摘要

CASH OPERATING COSTS for Tullow Oil's West Africa operations remain low, averaging around US$13 per barrel in 2014, according to the company's latest statement. Operating costs for the Jubilee field averaged around USS10 per barrel in 2014 "with potential to drive down costs further in the current market ahead of realising synergies relating to the combined Jubilee and TEN operations". TEN refers to a cluster of fields the company is developing with the view to first oil in 2016.