Tullow Oil expects first-half revenue to hit €395m

FIRST-half revenue at Irish oil and gas exploration company, Tullow Oil, is expected to amount to around $495 million (€395m), when the company formally reports its interim figures next month.

The Dublin and London -based company, whose chief assets are based in Ghana and Uganda, generated revenues of $438m in the first six months of 2009.

The anticipated year-on-year growth is being attributed, by the company, to an increase in commodity prices in the past 12 months.