Tullow Oil to buy FPSO vessel in Ghana for $205 million
20/02/2026 07:38
Feb 20 (Reuters) - Tullow Oil TLW.L said on Friday that it will buy the FPSO (Floating Production, Storage, and Offloading) vessel serving Ghana’s TEN oilfields for $205 million, signing a deal that its CEO said will cut fixed costs and boost long‑term cash flow. The move is part of the company's efforts to streamline operations across its West African portfolio. (Reporting by Ankita Bora in Bengaluru; Editing by Sonia Cheema) ((Ankita.Bora@thomsonreuters.com;))
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