Production guidance for 2016 will be revised (downwards, current range: 73-80kbpd) once the operating issues at the Jubilee FPSO turret bearing are solved (expected in the next few days). Q1 working interest production was: - West Africa 59.2 kbpd; - Europe 6.5 kbpd. West Africa: The TEN project is 90% complete and on track for first oil in July-August. Jubilee FPSO: - should come back to production; - unexpected costs should be covered by insurance. East Africa East African governments have
28 Apr 2016
Capex 2016 reduced; towards a cut in 2016 production guidance
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Capex 2016 reduced; towards a cut in 2016 production guidance
Tullow Oil plc (TLW:LON) | 35.1 0.2 1.4% | Mkt Cap: 510.6m
- Published:
28 Apr 2016 -
Author:
Marzio Foa -
Pages:
2
Production guidance for 2016 will be revised (downwards, current range: 73-80kbpd) once the operating issues at the Jubilee FPSO turret bearing are solved (expected in the next few days). Q1 working interest production was: - West Africa 59.2 kbpd; - Europe 6.5 kbpd. West Africa: The TEN project is 90% complete and on track for first oil in July-August. Jubilee FPSO: - should come back to production; - unexpected costs should be covered by insurance. East Africa East African governments have