January trading statement: - West Africa net production 2016 was 65.5kbpd, in line with guidance, including the production-equivalent revenues from Jubilee insurance (4.6kbpd). Guidance 2017: 78-85kbpd. o Jubilee produced 73.7 kbpd gross, (26.2kbpd net). The turret reimbursement was $80m (net) overall. Turret project: the spread mooring should be delivered by the end of January; for a longer term solution, a decision is expected in H1 17, with work in H2 that could involve a 12-week shutdown.
11 Jan 2017
Jubilee: working on longer term solution in 2017
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Jubilee: working on longer term solution in 2017
Tullow Oil plc (TLW:LON) | 34.8 0 0.0% | Mkt Cap: 507.5m
- Published:
11 Jan 2017 -
Author:
Marzio Foa -
Pages:
2
January trading statement: - West Africa net production 2016 was 65.5kbpd, in line with guidance, including the production-equivalent revenues from Jubilee insurance (4.6kbpd). Guidance 2017: 78-85kbpd. o Jubilee produced 73.7 kbpd gross, (26.2kbpd net). The turret reimbursement was $80m (net) overall. Turret project: the spread mooring should be delivered by the end of January; for a longer term solution, a decision is expected in H1 17, with work in H2 that could involve a 12-week shutdown.