Tullow Oil to increase West African production by 50%
The company said the increase is a result of Ghana's operated Tweneboa Enyenra Ntomme (TEN) development
“What you see next year is a substantial turning-point because our capital budget will go from $1.9bn down to $1.2bn so the outlay is gone down by $700m and the production is going up by 50% which will take us over 100,000 barrels a day (b/d). It is very critical project for the company”, Tullow Oil’s COO Paul McDade said 28 October on the side lines of the Africa Oil Week in Cape Town. The project is on schedule and budget to deliver first oil in mid-2016, three years after the 300m barrels of oil equivalent development was approved by the government of Ghana. The project’s total estimated gross cost is almost $5bn. The FPSO vessel will begin its journey from Singapore in December 2015 and
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
