Tullow Backs 2022 Oil Production Guidance
May 25 2022 - 3:06AM
Dow Jones News
By Jaime Llinares Taboada
Tullow Oil PLC said Wednesday that its oil production guidance
for 2022 remains in line with the previous forecast of
59,000-65,000 barrels a day.
The oil company said its multiyear drilling program in Ghana
continues with a strong performance, and it is in discussions with
the country's government for the development of gas resources at
the Jubilee and TEN projects.
In addition, Tullow said it is making good progress with the
farm down of its equity in Kenya to a strategic partner, and that
it is about to start drilling a well in Guyana.
The London-listed group said it will seek to take advantage of
opportunities as major oil-and-gas companies shift their focus away
from Africa.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 25, 2022 02:51 ET (06:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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