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Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country. The UK-based multinational oil and gas company currently operates the two main oil fields in Ghana – Jubilee and TEN. Together with its partners, Kosmos Energy, Ghana National Petroleum Company (GNPC), Petro SA and Jubilee Oil Holdings Limited (JOHL), they have invested close to $19 billion into the country since 2010 and delivered $6 billion in revenues to the government in that same period.

The operator of Jubilee and TEN oil fields, Tullow Ghana, along with its partners, has undertaken significant initiatives aimed at enhancing community infrastructure and engagement in a concerted effort to bolster support for coastal communities in the Western Region.

British oil explorer Tullow has written off $17.9 million (Sh2.41 billion) worth of its Kenyan assets on the uncertainty over their sale to a strategic investor and commercial exploitation of the Turkana oil deposits.

LONDON, March 6 (Reuters) – Tullow Oil (TLW.L), opens new tab swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.

Tullow Oil recorded a loss of $110 million in 2023.

This was announced by the oil exploration company after it released its 2023 full year results in London today March 6, 2024.

Oil and gas explorer says start-up of Jubilee South East offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations