Tullow focuses on West Africa
The Anglo-Irish producer is narrowing its scope for another transitional year
Debt-hobbled Tullow Oil will look to retrench to its core producing assets and exploration and development in West Africa as it tries to boost free cash flow (FCF) to further reduce borrowings. The firm expects to produce less oil year-on-year in 2021, due to a combination of deferred developments and planned maintenance. “The plan is focused on ensuring that Tullow’s producing assets in West Africa reach their full potential,” says Rahul Dhir, Tullow’s CEO. “We will leverage the new plan and our reduced cost base to generate positive FCF at current commodity prices, drive down our net debt and deliver a robust balance sheet.” The firm ended the year with $430mn in positive FCF. Tullow prod
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
