| Jubilee Field production update | |
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Published on: 20 July 2015
Update following the suspension of gas export since 3 July 2015
Tullow Oil plc ('Tullow') announces that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since 3 July 2015 due to technical issues with gas compression systems on the FPSO Kwame Nkrumah and is expected to resume by mid-August. Oil production is currently constrained to approximately 65,000 bopd and is under constant review but there is no effect on the Field's reservoir or resources.
Tullow has mobilised a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further 3 weeks to reinstate gas export and full oil production.
Tullow will review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results on 29th July.
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 120 exploration and production licences across 22 countries which are managed as three Business Delivery Teams.
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Tullow Oil Plc
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EXPLORATION STAGE |
CODE : TLW.L |
ISIN : GB0001500809 |
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Tullow Oil is a oil exploration company based in United kingdom. Its main exploration property is BLOCKS I AND II - ALBERT BASIN in Congo Dem. Rep. of. Tullow Oil is listed in United Kingdom. Its market capitalisation is GBX 34.7 billions as of today (US$ 41.4 billions, € 37.9 billions). Its stock quote reached its highest recent level on October 18, 2013 at GBX 991.68, and its lowest recent point on January 08, 2021 at GBX 0.29. Tullow Oil has 1 386 600 000 shares outstanding. |