Oil and gas company maintains full-year production guidance while reporting unchanged revenue from last year via IrishTimesBiz
Output at Tullow Oil’s flagship Jubilee field was disrupted last year as a result of technical issues on its floating production, storage and offloading vessel. Photograph: Getty ImagesTullow Oil said production at its new Jubilee oil field off Ghana was due to come on stream shortly and was expected to exceed 100,000 barrels a day when fully operational.
In a trading update, the oil and gas company said production averaged around 53,000 barrels of oil-equivalent a day in the first half of 2023. The production, including the cost of hedging, yielded a revenue of around $800 million in the period, matching the first half of 2022, at “a realized average oil price” of around $81 a barrel.
Tullow also maintained its full-year production guidance at 58,000-64,000 barrels a day. Full-year guidance for free cash flow remains unchanged at around $100 million at $80 a barrel, it said.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
100 years ago since 'stage Irishness' and co-education were banned in filmsA century ago the Irish State embarked on a decades long quest to prevent people from viewing movies that portrayed nefarious topics such as co-education and...
Leer más »
New RTÉ Director General announces the disbandment of the Executive Board | Her.ieThe new RTÉ Director General, Kevin Bankhurst, has announced big changes for the broadcaster in an email to staff this morning, to mark his first day on the job.
Leer más »
RTÉ pay crisis: Decision has to be made on Ryan Tubridy’s future ‘soon’ — Kevin BakhurstNew director general stands down board of RTÉ executive management in first day on the job as Geraldine O’Leary announces her early retirement
Leer más »
World population likely to decline after 2100On World Population Day, a new report has suggested the world population will decline rapidly after the year 2100.
Leer más »
Kingspan shares soar as it predicts record profits for first halfCavan-based Insulation specialist said it expects to report a profit in the region of €435m, modestly ahead of last year
Leer más »
Ukraine war: Air raid warnings sound in Kyiv as Nato summit gets under wayZelenskiy says he expects ‘algorithm’ for Kyiv’s pathway to joining Nato to emerge from Vilnius summit
Leer más »