Tullow Oil to increase West African production by 50%
The company said the increase is a result of Ghana's operated Tweneboa Enyenra Ntomme (TEN) development
“What you see next year is a substantial turning-point because our capital budget will go from $1.9bn down to $1.2bn so the outlay is gone down by $700m and the production is going up by 50% which will take us over 100,000 barrels a day (b/d). It is very critical project for the company”, Tullow Oil’s COO Paul McDade said 28 October on the side lines of the Africa Oil Week in Cape Town. The project is on schedule and budget to deliver first oil in mid-2016, three years after the 300m barrels of oil equivalent development was approved by the government of Ghana. The project’s total estimated gross cost is almost $5bn. The FPSO vessel will begin its journey from Singapore in December 2015 and
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
