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Tullow Oil starts Ghana drilling campaign, sees cash flow potential

Tullow Oil starts Ghana drilling campaign, sees cash flow potential Tue, 6th Apr 2021 09:56 (Alliance News) - Tullow Oil PLC on Tuesday said it started a drilling campaign in offshore Ghana. London-based explorer and producer Tullow expects to drill four wells this year in the Jubilee and TEN Fields, which have a large resource base with extensive infrastructure already in place. The assets have the potential to generate material cash flow over the next decade, the company said. The campaign is the first part of Tullow s 10-year business plan announced in November. Shares were up 3.4% at 50.78 pence in London on Tuesday morning.

Tullow Oil PLC starts new drilling programme offshore Ghana

Tullow Oil PLC starts new drilling programme offshore Ghana
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Tullow begins Ghana drill programme - News for the Oil and Gas Sector

Tullow begins Ghana drill programme Tullow Oil has launched its drilling programme in Ghana, spudding a first well on the Jubilee field on April 5. Ghana news Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Tullow Oil has launched its drilling programme in Ghana, spudding a first well on the Jubilee field on April 5. It has contracted the Maersk Venturer for four years. The rig will drill four wells in 2021. These will consist of two Jubilee production wells, one Jubilee water injector well and one TEN gas injector well.

Tullow Oil Regulatory News Live TLW RNS Regulatory News Articles for Tullow Oil Plc Ord 10P

  6 April 2021 - Tullow Oil plc (Tullow) is pleased to announce the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field yesterday.   As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells in total in 2021, consisting of two Jubilee production wells, one Jubilee water injector well and one TEN gas injector well.   The 2021 drilling campaign is the first part of Tullow s 10-year Business Plan which was presented at Tullow s Capital Markets Day in November 2020. The Ghana portfolio has a large resource base with extensive infrastructure already in place. Through a rigorous focus on costs and capital discipline, Tullow believes that these assets have the potential to generate material cash flow over the next decade and deliver significant value for Ghana and investors.

Tullow Oil begins drilling campaign offshore Ghana

+ Tullow Oil has announce the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field. The Maersk Venturer, which has been contracted for four years, is expected to drill four wells in total in 2021, consisting of two Jubilee production wells, one Jubilee water injector well and one TEN gas injector well. The 2021 drilling campaign is the first part of Tullow’s 10-year Business Plan which was presented at Tullow’s Capital Markets Day in November 2020. Rahul Dhir, CEO, Tullow Oil, commented: “Today is an important milestone in the implementation of our long-term Business Plan. Working closely with the Government of Ghana and our joint venture partners in Ghana, I am confident that we will unlock the full potential from the Jubilee and TEN fields through this multi-year, multi-well drilling programme.”

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