November trading update: West Africa net production 2016 at 64-67kbpd (vs. 62-68kbpd previously), including the production-equivalent revenues from Jubilee insurance: o Jubilee at 100kbpd gross since August (annualised at 74kbpd gross, 26.3kbpd net); the insurance (confirmed in September) should provide production-equivalent revenues of 4kbpd net annualised (offsetting TEN issues below). Turret project: the interim spread mooring should be delivered by end-2016; o TEN: first oil on 18 August,
09 Nov 2016
Jubilee insurance offsets lower TEN production in 2016; capex 2017 at $0.3-0.5bn
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Jubilee insurance offsets lower TEN production in 2016; capex 2017 at $0.3-0.5bn
Tullow Oil plc (TLW:LON) | 35.9 -0.1 (-0.9%) | Mkt Cap: 522.5m
- Published:
09 Nov 2016 -
Author:
Marzio Foa -
Pages:
2
November trading update: West Africa net production 2016 at 64-67kbpd (vs. 62-68kbpd previously), including the production-equivalent revenues from Jubilee insurance: o Jubilee at 100kbpd gross since August (annualised at 74kbpd gross, 26.3kbpd net); the insurance (confirmed in September) should provide production-equivalent revenues of 4kbpd net annualised (offsetting TEN issues below). Turret project: the interim spread mooring should be delivered by end-2016; o TEN: first oil on 18 August,