Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tullow Oil    TLW   GB0001500809

TULLOW OIL

(TLW)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Tullow Oil : UK's Tullow oil seeking partners in bid for additional Ghana block

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2018 | 04:50pm EDT

ACCRA (Reuters) - UK oil explorer Tullow Oil is seeking partners in a bid to acquire a new oil block in Ghana which launched its first oil bidding round in October, the company's managing director Kweku Awotwi said on Thursday.

Tullow is already lead operator of two oil fields in Ghana including its flagship offshore Jubilee field, with cumulative output currently at around 160,000 barrels per day, Awotwi told reporters in Accra.

"We are looking for both local and international companies to partner with in the bidding rounds and we've spoken to a number of them," he said.

"It is obvious there is good resource out there and the thinking has always been that you cannot do it alone," Awotwi later told Reuters.

Tullow had to delay the development of its second field - Tweneboah, Enyenra, Ntomme (TEN) due to a maritime border dispute between Ghana and its western neighbour Ivory Coast.

Awotwi said following a resolution of the dispute by the International Tribunal of the Law of the Sea last year, Tullow had drilled three wells for TEN and two more for Jubilee.

"Things are improving and production is going up," he said, projecting that output could reach 180,000 barrels daily by the end of March next year.

(Reporting by Kwasi Kpodo; Editing by Richard Balmforth)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TULLOW OIL
05/16Uganda Agrees New Oil Tariff With Pipeline Investors
DJ
05/15Uganda agrees to pay oil firms more to use planned pipeline
RE
05/14TULLOW OIL : Kenya's Red Tape Blamed for Delay in Oil Production Plan
AQ
05/13TULLOW OIL : Kenya's red tape blamed for delay in oil production plan
AQ
05/09TULLOW OIL : Kenya to Make its First Crude Oil Shipment in June
AQ
05/09TULLOW OIL : Kenya to Make Its First Crude Oil Shipment in June
AQ
05/07ECO ATLANTIC : plans Guyana well-spudding
AQ
05/04TULLOW OIL : Kenya to Ship out First Consignment of Crude Oil in Two Months
AQ
05/04TULLOW OIL : to start Turkana mini crude production next week after Nema nod
AQ
05/03TULLOW OIL : to begin Turkana mini crude production next week
AQ
More news
Financials ($)
Sales 2019 2 115 M
EBIT 2019 866 M
Net income 2019 332 M
Debt 2019 2 382 M
Yield 2019 2,57%
P/E ratio 2019 12,58
P/E ratio 2020 10,79
EV / Sales 2019 3,05x
EV / Sales 2020 2,75x
Capitalization 4 069 M
Chart TULLOW OIL
Duration : Period :
Tullow Oil Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TULLOW OIL
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 3,19 $
Spread / Average Target 10,0%
EPS Revisions
Managers
NameTitle
Paul McDade Chief Executive Officer & Executive Director
Dorothy Carrington Thompson Chairman
Sandy Stash EVP-Safety, Operations, Engineering & External
George Leslie Wood Chief Financial Officer & Executive Director
Angus Murray McCoss Executive Director & Exploration Director
Sector and Competitors
1st jan.Capitalization (M$)
TULLOW OIL28.64%4 069
CNOOC LTD10.03%77 764
CONOCOPHILLIPS2.04%70 579
EOG RESOURCES INC.9.65%54 365
OCCIDENTAL PETROLEUM CORPORATION-12.90%39 982
ANADARKO PETROLEUM65.94%36 529