Tullow Raises Annual Free Cash Flow Forecast on Stronger Ghana Output
Tullow Oil has reshaped its business around Ghana by selling assets in Gabon and Kenya and refinancing to trim debt. It secured licence extensions for its Jubilee and TEN fields until 2040, supporting further drilling. The company raised its annual free cash flow forecast to $170 million-$250 million, citing higher production, higher oil price realisations, and progress recovering funds owed by Ghana’s government.