Tullow oil revenue jumps by €133m

TULLOW Oil has said that it generated total revenue of approximately $1.1 billion (€800m) last year, as opposed to the $916m (€667m) figure it reported in 2009.

In a full-year trading update — ahead of the publication of its annual results in early March — Tullow said yesterday that 2010 was a year when the company performed “better than ever”.

That performance included first production, on schedule, from its headline asset in Ghana.