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
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
