Tullow Oil has issued the a statement in advance of the Group’s 2022 Full Year Results scheduled for 8 March 2023. Strong operational delivery, rigorous focus on costs and capital discipline, the increased equity in key operated fields in Ghana and higher oil prices drove material, expectation-beating free cash flow generation in 2022, accelerating the Group’s deleveraging towards a net debt to EBITDAX ratio of 1.3 times by the year-end.
Tullow Oil has issued a statement to provide an update on its ongoing operations and expectations for the full year. In the first 10 months of the year, Tullow has delivered on its operating and financial targets as the Company successfully delivers its business plan despite the disappointment of the two strategic Ntomme wells.
Tullow Oil issues an update and guidance in advance of the Group’s 2022 Half Year Results scheduled for 14 September 2022. Tullow has performed well in the first half of the year and has built on the progress that the Group made in 2021. Production in the first half of the year was in line with expectations and drilling performance across the portfolio was strong.