On Wednesday, Tullow Oil announced that the commencement of the Jubilee South East operation off the coast of Ghana had boosted production and exceeded forecasts for 2023 cash flow.
To meet its stated goal of $800 million from 2023 to 2025, the oil and gas explorer said on Wednesday that it was on track to produce about $600 million in free cash flow over the next two years.
Laptops 1000In 2024, five Jubilee wells were anticipated to come online, completing the drilling program’s planned activity around six months ahead of schedule and demonstrating exceptional drilling performance.
At year’s end, net debt was down around $250 million to $1.6 billion.
