Tullow Oil Plc (TLW.L) said its performance to date in the first half has been excellent.
In Uganda, the Group completed the $2.9 billion farm down to CNOOC and Total, and is now progressing with exploration, appraisal and development activities. The Ngamia-1 well onshore Kenya has opened a new basin and de-risked significant prospectivity in the region. In Ghana, remedial work on the Jubilee production wells is progressing well, Jubilee Phase 1A development has commenced and the Plan of Development for the Tweneboa-Enyenra-Ntomme project is expected to be submitted later this year. Further potential basin-opening exploration campaigns have also recently commenced in Guyana and Côte d'Ivoire.
In addition, the company remains on track to deliver total net production of 78 thousand to 86 thousand boepd for the full year.
Looking ahead, Tullow is confident that, having delivered industry-leading basin-opening exploration success already this year, and with key developments progressing well, it will deliver further significant growth in 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.