Record results for Tullow Oil

Tullow Oil have announced record results for the first six months of this year.

Operating profit before exploration activities increased £82.5m (€122m), up 318%. Profit before Tax increased £74.0m (€110m), up 427% and Profit for the period increased by £54.7m (€81.2m), up 660%.

Commenting today, Aidan Heavey, chief executive, Tullow Oil plc, said: “The record first half performance announced today demonstrates the continuing progress of our business.

"The deals completed in recent years have been successfully integrated, our assets are showing strong organic growth and we have developed an exploration portfolio which combines lower risk “snuggle” projects with exciting high impact opportunities. I believe that these attributes will continue to deliver long term growth and superior performance for the Group.”