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Tullow anticipates bigger finds in offshore West Africa

Tullow anticipates bigger finds in offshore West Africa

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Tullow Oil Plc is optimistic it will make major discoveries off the shores of West Africa after announcing pockets of oil find in those waters last year. The company’s biggest find to date has been the Jubilee Field in Ghana, which was discovered in 2007 and is estimated to hold…

Tullow oil puts daily production around 110,000 barrels

Tullow oil puts daily production around 110,000 barrels

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Tullow Oil P.L.C is now putting the current production of crude oil at the Jubilee field around 110 thousand barrels. The announcement was contained in the firm’s trading statement and operational update released on Saturday. Some of the partners at the jubilee field were looking at hitting the 120 thousand…

Tullow Oil unlikely bidder for Sabre’s Ghanaian assets, says Davy

Tullow Oil unlikely bidder for Sabre’s Ghanaian assets, says Davy

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  By Giles Gwinnett — Oil major Tullow (LON:TLW) is unlikely to be interested in buying partner Sabre Oil and Gas’s interests in Ghana, says broker Davy.   It emerged yesterday that South Africa’s national oil company PetroSA was in talks to buy the Sabre assets. Sabre has 4.05 per…

Jubilee oil production averages 63,100 bpd in first quarter

Jubilee oil production averages 63,100 bpd in first quarter

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Oil produced from Ghana’s Jubilee fields during the first quarter of 2012 averaged 63,100 barrels of oil per day (bopd) at gross, lead operator Tullow Oil said today July 4, 2012 in a trading statement. Currently, the oilfields’ output, according to Tullow, is at approximately 63,000 bopd gross with a…

Tullow Oil for $440m in writedowns

Tullow Oil for $440m in writedowns

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The Irish Times — TULLOW OIL will take a charge of about $440 million (€351 million) in its first-half results after writing down the value of lower priority projects – but it had good news for investors yesterday concerning its productivity in Ghana. The oil explorer said it had conducted…

Tullow Oil wins Ghana local content award

Tullow Oil wins Ghana local content award

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  Lead Jubilee operator, Tullow Oil has received a Local Content Award at the third Ghana Summit on Oil and Gas recently held in Accra, the company has announced. In a statement June 21, 2012, Tullow said it received the award based on its implementation of policies that ensure significant…

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