Tullow is in survival mode but sees a turn in the tide

Issue 334 - 10 Nov 2016
Tullow Oil, in its heyday a ‘super-independent’ with a FTSE 100 listing, marks the 30th anniversary of its founding this year in survival mode – although the start-up of the TEN development in Ghana provides some relief in cashflow terms. Tullow’s 2016 capital expenditure is set to be less than $1bn, down 41% from its 2015 level, while its 2017 spending will fall to $275m in a base-case scenario, with a further $250m of optional additional spend.

Want to read more?

Medium article


(Access to one 401-800 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667

Want to see more articles like this?

Search our archive or set up a news alert to be notified about new articles, maps and reports relevant to your interests.

Follow us on Google News