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Tullow Oil Plc reports loss as it makes US$1 23bn of exploration write-offs

Tullow Oil Plc reports loss as it makes US$1 23bn of exploration write-offs
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Drilling in April to turnaround Tullow s tough times - News for the Oil and Gas Sector

Drilling in April to turnaround Tullow’s tough times Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020. Maersk Valiant and Maersk Venturer 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 reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020. The company took major write downs on its Kenyan and Ugandan operations, of $430 million and $451mn respectively. A decision to cut long-term oil price expectations drove the Kenyan cut, while Tullow completed the sale of its Ugandan assets to Total.

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Investegate |Tullow Oil PLC Announcements | Tullow Oil PLC: 2020 Full year Results

Tullow oil PLC - 2020 FULL Year Results 10 March 2021 - Tullow Oil plc ( Tullow ), the independent oil and gas exploration and production group ( Group ), announces its Full Year Results for the year ended 31 December 2020. Details of a management presentation, webcast and conference call are available on the last page of this announcement or visit the Group s website www.tullowoil.com. Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented today: After a year of significant change for Tullow, we are now executing a robust, cash generative business plan which is focused on our most productive assets. We have transformed our cost base, implemented rigorous capital discipline and are well placed to benefit from higher oil prices. We will start a multi-year, multi-well drilling programme in Ghana

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What to watch: British Gas profits dive, Corona-owner year of COVID, and Standard Chartered profits fall

A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe and abroad.

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Tullow Oil News Headlines TLW Share News Financial News Articles for Tullow Oil Plc Ord 10P updated throughout the day

Tullow Oil News Headlines. TLW Share News. Financial News Articles for Tullow Oil Plc Ord 10P updated throughout the day.

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