Site icon MONEYINAFRICA

BRIEF-Tullow Oil CFO: expects to reach 1-2x gearing ratio by 2025

BRIEF-Tullow Oil CFO: expects to reach 1-2x gearing ratio by 2025

Nov 25 (Reuters) – * TULLOW OIL CEO SAYS WE HAVE REDUCED STAFFING BY ABOUT 60%

* TULLOW OIL SAYS TARGETS $11/BBL OPEX THROUGH 2030

* TULLOW OIL CEO SAYS WILL GIVE 2021 PRODUCTION GUIDANCE IN JANUARY

* TULLOW OIL GHANA MD SAYS TARGETS TO INCREASE GAS OFFTAKE BEYOND 130 MMSCF/D FROM 2021

* TULLOW OIL GHANA MD SAYS JUBILEE FPSO MAINTENANCE SHUT-DOWN PLANNED IN NEXT 18 MONTHS

* TULLOW OIL GHANA MD SAYS 26 WELLS PLANNED AT JUBILEE FIELD UNTIL 2030, 23 WELLS AT TEN FIELD

* TULLOW OIL GHANA MD SAYS TARGETING 40% ULTIMATE RECOVERY IN JUBILEE FIELD

* TULLOW OIL CFO SAYS BUDGETS WITH NO LESS THAN $500 MILLION LIQUIDITY DRIVING NET DEBT DOWN TO $1-1.5 BILLION

* TULLOW OIL CFO SAYS PLANS TO SPEND $325 MILLION IN 2021, OF WHICH $180 MILLION IN GHANA

* TULLOW OIL CFO SAYS PLANS WITH AROUND $200 MILLION DECOM COSTS 2021/22

* TULLOW OIL CFO SAYS EXPECTS TO REACH 1-2X GEARING BY AROUND 2025* TULLOW OIL CFO SAYS DON’T EXPECT DEBT RULE BREACH AT YEAR-END, PREMATURE TO TALK ABOUT JANUARY DEBT TEST* TULLOW OIL CEO SAYS EXPECTS TO KEEP HEDGING PROGRAMME UNCHANGED UNDER NEW STRATEGY Further company coverage:

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.
Exit mobile version