Tullow Oil PLC Jubilee field producing over 100,000 bopd (1494G)
July 17 2023 - 2:00AM
UK Regulatory
TIDMTLW
RNS Number : 1494G
Tullow Oil PLC
17 July 2023
TULLOW OIL PLC
Jubilee field producing over 100,000 bopd
17 July 2023 - Tullow is delighted to provide an update on
production from its Jubilee field following the recent start-up of
the Jubilee South East (JSE) Project, offshore Ghana. Gross
production from the field has surpassed 100,000 bopd, after a
second JSE production well was brought onstream. Both of the JSE
wells are performing in line with expectations and have increased
production rates by c.50% compared to the first half of 2023. Two
further wells are on track to be tied in during the remainder of
the year.
Rahul Dhir, Tullow Chief Executive Officer, commented today:
"Reaching production of over 100,000 bopd from the Jubilee field
is a major milestone for Tullow, our partners and for Ghana. I look
forward to working with our partners to sustain these higher levels
of production for several years and to realise the full potential
of the Jubilee resource base. For Tullow, delivery of this step up
in production is a key part of our business plan, in line with our
commitment to deliver over $800 million of free cash flow between
2023 to 2025."
- ENDS -
CONTACTS
Tullow Oil plc (Investors) Camarco (Media)
(London) Tullow Ghana (London)
ir@tullowoil.com (+233 302 742 200) (+44 20 3757 4986)
Nicola Rogers Cynthia Lumor Billy Clegg
Matthew Evans David Amoah Georgia Edmonds
Rebecca Waterworth
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Notes to editors
Tullow is an independent oil & gas, exploration and
production group which is quoted on the London and Ghanaian stock
exchanges (symbol: TLW). The Group has interests in over 30
licences across eight countries. In March 2021, Tullow committed to
becoming Net Zero on its Scope 1 and 2 emissions by 2030. For
further information, please refer to our website at
www.tullowoil.com .
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