Tullow Raises FY Production Guidance On Oil Fields

Tullow Plc raised its production guidance on Wednesday,aided by higher output from the TEN and Jubilee fields in Ghana..The company now expects full year West Africa net oil production including production equivalent ,insurance payments to come at 85,000-89,000 bbls/d compared to its prioir guidance of 78,000-85,000 bbls/d. this is mainly attributed to the ITLOS ruling in favour of Ghana.