Tullow expecting record H1 revenues

Exploration group Tullow Oil today said total revenue for the first half of 2011 is expected to be a record $1.05bn (€725m), up from $486m (€335m) for the same period last year.

In a trading statement issued ahead of half-year results due August 24, the company said the significant increase in revenue was due to higher sales volumes in the half, especially from its Jubilee field offshore Ghana.