Rahul Dhir was on July 1, 2020 appointed as Chief Executive Officer of Tullow Oil, taking over from Dorothy Thompson . Before his appointment, he was CEO OF Delonex Energy, an African focused Oil and Gas Company.
Gross productions from Jubilee reached 93 kbopd (36 kbopd net) while surpassing expectations, TEN yielded 19 kbopd (10 kbopd net). The interim gas sales agreement that is currently in place for Jubilee associated gas has been extended for 18 months at US$2.95/mmbtu with applicable indexation.
Africa-focused independent Tullow Oil is hoping to generate $800 million cash flow in the next two years on the back of an improved business model and a recent production boost from a key African asset.
Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent.