Tullow cuts production forecast and delays FIDs
The Africa-focused oil firm is struggling with technical problems and protracted negotiations with host governments
Tullow Oil has revised down its production forecast for the full year 2019 due to drilling problems in Ghana and the timing of final investment decisions (FIDs) for other projects in Kenya and Uganda, in which has a stake, remain highly uncertain. On announcing its first half results today, the London-based company stated that it now expected its share of oil production from West Africa—where all its producing assets are located—to be in the 89,000-93,000bl/d range for the full year 2019. It had estimated 93,000-101,000bl/d at the start of this year. Most of Tullow's production comes from Ghana, where it operates the Jubilee and TEN developments. The firm's other production comes from non-op
Also in this section
21 January 2026
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year
20 January 2026
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
20 January 2026
As the global energy system undergoes its most profound transformation in a century, the need for credible leadership, practical solutions and inclusive dialogue has never been greater. In 2026, the Kingdom of Saudi Arabia will stand at the centre of this conversation as host of the 25th WPC Energy Congress in Riyadh.
20 January 2026
The Kingdom of Saudi Arabia is the host of the 25th WPC Energy Congress on 26-30 April 2026. The Ministry of Energy spoke with Petroleum Economist about the key messages and opportunities for the global energy community.
