Tag: Paul McDade
-
Reinjecting gas in Jubilee partially responsible for Tullow’s troubles – Awotwi
The Executive Vice President and Managing Director of Tullow Ghana, Kweku Awotwi, says the company’s decision to revise its production target by about 30 percent is a result of challenges regarding the reinjection of gas into its wells at the Jubilee Fields. “In Jubilee, one of the most important reasons for why we did not…
-
Tullow Oil open to potential buyers as Ghana operations disappoint
Tullow Oil Plc has disclosed that it is open to receiving offers for the take-over of the company as challenges from its Ghana operations begin to bite hard. The company had faced setbacks in its Jubilee and TEN fields culminating in the resignation of the company’s CEO, Paul Mcdade, on Monday after more than two…
-
Tullow Oil posts $500m in profits for 2019 first half
Tullow Oil has announced five hundred million dollars in profits for the first half of this year [2019]. The company’s revenue also recorded 900 million dollars. Tullow is however hopeful that the figure will inch up when production levels increase to expected levels. Tullow, in its trading statement, said the increase in production in West…
-
Tullow records 1.8 billion dollars in revenue for 2018
Tullow Oil’s 2018 revenue reached 1.8 billion dollars, according to its January Trading Statement released on Wednesday, January 16, 2018. The oil company also recorded additional proceeds of 0.2 billion dollars from Corporate Business Interruption insurance. Again, the Trading Statement said that Tullow’s net debt at the end of 2018 is estimated at 3.1 billion…