Tullow Oil confident about prospects after ‘excellent year’
The exploration company, founded in Ireland, had its latest trading update published yesterday to coincide with its annual general meeting in London. It said management is confident of another strong year, with total net production levels of 78,000 to 86,000 barrels of oil equivalent per day (boepd) anticipated.
“Tullow’s performance to date in the first half has been excellent. In Uganda, the group completed the $2.9bn farm-down to CNOOC and Total, and is now progressing with exploration, appraisal and development activities.
