{"id":480346,"date":"2011-09-02T08:22:29","date_gmt":"2011-09-02T08:22:29","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/09\/02\/tullow-posts-high-returns\/"},"modified":"2011-09-02T08:22:29","modified_gmt":"2011-09-02T08:22:29","slug":"tullow-posts-high-returns","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/09\/02\/tullow-posts-high-returns\/","title":{"rendered":"Tullow Posts High Returns"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Oil<\/p>\n<\/div>\n

Ghana\u2019s Jubilee Oilfield has driven Tullow Oil Plc\u2019s half-year revenue to record sales of over one billion dollars.<\/p>\n

This, according to a statement released by Tullow, details its 2011 half year financial results.<\/p>\n

The impressive results were driven mainly by increased production from the Jubilee oilfield in Ghana and the increment of crude oil prices on the international market over the period.<\/p>\n

Jubilee production in Ghana is expected to increase to 105,000 barrels in October and the plateau production of 120,000 barrels is now expected before the end of the year.<\/p>\n

The Communication Manager for Tullow Oil Ghana, Gayheart Mensah said in an interview with Citi Business News that they are happy with the performance of Tullow Oil so far.<\/p>\n

\u201cFor Tullow we have designated this year as a year for transformational progress and I think our impressive results can speak to that particular fact.\u201d<\/p>\n

\u201cWe have been able to maintain a very robust performance on the back the public performance of the Jubilee Field.\u201d<\/p>\n

Tullow had 71percent exploration and appraisal success across its portfolio in the world.<\/p>\n

The company says the success in the first half of the year was also as a result of the group\u2019s strengthened portfolio with farm-ins in East Africa and two strategic acquisitions.<\/p>\n

Further progress was made in Uganda and Tullow now expects completion of its farm-down to CNOOC and Total in September.<\/p>\n

In July the Group listed Tullow Oil plc shares on the Ghana Stock Exchange (GSE).<\/p>\n

\u2014GNA<\/strong><\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil Ghana\u2019s Jubilee Oilfield has driven Tullow Oil Plc\u2019s half-year revenue to record sales of over one billion dollars. This, according to a statement released by Tullow, details its 2011 half year financial results<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-480346","post","type-post","status-publish","format-standard"],"yoast_head":"\nTullow Posts High Returns - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/09\/02\/tullow-posts-high-returns\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tullow Posts High Returns - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Oil Ghana\u2019s Jubilee Oilfield has driven Tullow Oil Plc\u2019s half-year revenue to record sales of over one billion dollars. 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