Tullow hopes of boost at Jubilee

Tullow Oil is on track to return to full-scale production levels at its headline asset — the Ghana-based Jubilee oil field — ahead of schedule, later this year.

The Irish-founded exploration company — which yesterday reported a record set of first-half figures — has for months been working on cost-effective solutions to ongoing mechanical issues, relating to well designs, at Jubilee.

The issues hampered production levels from the field. Tullow’s management said, in May, that full-scale production at Jubilee, should ramp up early next year.