Tullow predicts record production

Tullow Oil remains on course to reach record oil production levels by the end of this year, management said yesterday.

In its latest trading update, the Irish-founded exploration firm said it continues to make “good progress” across its main areas of operations and is confident of adding 200m barrels of oil equivalent (boe) to its resources this year.

The company said that, with wells in Kenya, Mauritania, Norway, Ethiopia, and Guinea planned for the first half of 2014, “there is much to look forward to” for shareholders.