Tullow Oil plc has issued a summary of its operational activities and provided trading guidance for the financial half-year to 30th June 2020.

The released information is yet to be audited and subject to review and amendment when the Group’s Half Year Results scheduled for official release on Wednesday 9th September 2020 is released.

It also provided an update on its Senior management appointments/reshuffling. On 1st of July 2020, Rahul Dhir joined the company as the Chief Executive Officer. Dorothy Thompson is to resume as Non-Executive Chair of the Board after a short transitional period and Mike Walsh will report as the General Counsel and Director Rick, Compliance and IF from 3rd of August 2020 and will be reporting to the CEO.  Mike joined the group from Delonex Energy Limited where he was General Counsel.

Tullow provided its production guidance for H1 2020 in the oil fields in Ghana, Equatorial Guinea, Gabon and Côte d’Ivoire.

The group’s average working interest production in Ghana was 54,000 bopd against the company’s Financial Year projection of 51,600. The Jubilee field produced 30,000 bopd against the projected 28,100 while TEN produced 24,000 bopd against the forecasted 23,500.

The group’s average working interest production in Equatorial Guinea was 5,000 bopd against the company’s Financial Year projection of 4,700.

The group’s average working interest production in Gabon was 16,800 bopd against the company’s Financial Year projection of 16,700.

The group’s average working interest production in Côte d’Ivoire was 1,900 bopd against the company’s Financial Year projection of 2,000.

In a comment on Tullow’s website, the CEO said, “Since becoming CEO on 1 July, I have been impressed by the quality of Tullow’s people and the potential of our assets and I am confident that we can build Tullow into a competitive and successful business once again. Despite the challenging external environment in the first half of the year, Tullow has performed well; delivering production in line with forecast, agreeing the sale of the Ugandan assets and re-shaping the Group’s structure and cost base. In the second half of 2020 our focus will remain on continuing to deliver safe and reliable production from West Africa, reducing debt and building a cost effective and efficient organisation that can compete in a low oil price environment.”

You can find the complete Operations Update, the Financial Update and the progress on the sale of Tullow’s asset in Uganda here