REG - Tullow Oil PLC - Jubilee field producing over 100,000 bopd

Tullow OilAnnouncement

17/07/2023 07:00

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RNS Number : 1494G  Tullow Oil PLC  17 July 2023

TULLOW OIL PLC

 

 

Jubilee field producing over 100,000 bopd

 

17 July 2023 - Tullow is delighted to provide an update on production from its
Jubilee field following the recent start-up of the Jubilee South East (JSE)
Project, offshore Ghana. Gross production from the field has surpassed 100,000
bopd, after a second JSE production well was brought onstream. Both of the JSE
wells are performing in line with expectations and have increased production
rates by c.50% compared to the first half of 2023.  Two further wells are on
track to be tied in during the remainder of the year.

Rahul Dhir, Tullow Chief Executive Officer, commented today:
"Reaching production of over 100,000 bopd from the Jubilee field is a major
milestone for Tullow, our partners and for Ghana. I look forward to working
with our partners to sustain these higher levels of production for several
years and to realise the full potential of the Jubilee resource base. For
Tullow, delivery of this step up in production is a key part of our business
plan, in line with our commitment to deliver over $800 million of free cash
flow between 2023 to 2025."

 

- ENDS -

 

CONTACTS
 Tullow Oil plc (Investors)                   Tullow Ghana         Camarco (Media)

                                            (+233 302 742 200)

 (London)
                    (London)

                                            Cynthia Lumor

 ir@tullowoil.com (mailto:ir@tullowoil.com)
                    (+44 20 3757 4986)

                                            David Amoah

 Nicola Rogers                                                     Billy Clegg

 Matthew Evans                                                     Georgia Edmonds

                                                                   Rebecca Waterworth

 

 

Notes to editors

Tullow is an independent oil & gas, exploration and production group which
is quoted on the London and Ghanaian stock exchanges (symbol: TLW). The Group
has interests in over 30 licences across eight countries. In March 2021,
Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030.
For further information, please refer to our website at www.tullowoil.com
(http://www.tullowoil.com/) .

Follow Tullow on:

Twitter: www.twitter.com/TullowOilplc (http://www.twitter.com/TullowOilplc)

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Facebook: www.facebook.com/TullowOilplc (http://www.facebook.com/TullowOilplc)

LinkedIn: www.linkedin.com/company/Tullow-Oil
(http://www.linkedin.com/company/Tullow-Oil)

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