1H19 oil production of 88.7 mbbl/d is close to what Tullow had previously estimated (89.3 mbbl/d). FY19 capex guidance is unchanged at US$570 mm. FY19 oil production guidance has however been reduced from 90-98 mbbl/d to 89-93 mbbl/d given a mechanical problem at the Enyenra-14 well on TEN that has now been suspended.
24 Jul 2019
FLASH: FY19 production guidance downgrade
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FLASH: FY19 production guidance downgrade
Tullow Oil plc (TLW:LON) | 35.9 -0.1 (-0.9%) | Mkt Cap: 522.5m
- Published:
24 Jul 2019 -
Author:
Stephane Foucaud -
Pages:
2
1H19 oil production of 88.7 mbbl/d is close to what Tullow had previously estimated (89.3 mbbl/d). FY19 capex guidance is unchanged at US$570 mm. FY19 oil production guidance has however been reduced from 90-98 mbbl/d to 89-93 mbbl/d given a mechanical problem at the Enyenra-14 well on TEN that has now been suspended.