Tullow Oil plc said it was preparing to reap from its investments as its six-month profits halved and full-year guidance narrowed. FINANCES The group posted revenue of $777m (H1 2022: $859m) from falling oil prices despite an increase in sale to 56,900 boepd (53,500 boepd). Pre-tax profit from continuing activities decreased to $217m ($561m) The […]
Tag: Jubilee South East – Tano basin – offshore Ghana
Tullow adds second well at Jubilee South East
Tullow Oil plc has produced more than 100,000 bopd after bringing on stream a second well at the Jubilee South East (JSE) project, offshore Ghana. CASH FLOW The company said that both the JSE wells were performing in line with expectations and increased production rates by 50% compared with the first half of 2023. Two […]
Tullow Oil starts oil production at $1bn Jubilee South East JV project
Tullow Oil plc has started production from the first well at the $1 billion Jubilee South East (JSE) joint venture project in the Tano basin, offshore Ghana. FUTURE DRILLING In 2023, partners Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings aim to bring on stream a further two producers and one water […]