Tullow Oil, a multinational explorer with partners including Anadarko Petroleum Corporation will invest $2.2bn (€1.7bn) next year to drill wells in Ghana’s Jubilee and Tweneboa-Enyenra- Ntomme oil fields.

MOST stock markets gave away some of the gains made earlier in the week yesterday — failing in their bid for a third consecutive day’s rally.

HIGHER sales volumes and a lift in commodity prices are likely to have boosted Tullow Oil’s revenues to a record level of over $1 billion in the first half of this year.

OIL production levels from Tullow Oil’s Ghana-based Jubilee Field — which started producing late last year — have increased to over 70,000 barrels of oil per day (bopd) and are on course to reach the forecast 120,000 bopd level by July.

Tullow Oil today announced the discovery of a "major light oil field" in one of its offshore Ghana licences.