Bengaluru — West Africa-focused Tullow Oil (TLW.L), opens new tab said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025.
The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations, adding that the year-end net debt was reduced by about $250 million to $1.6 billion.
*Aby Jose Koilparambil; editing: Rashmi Aich – Reuters
This article was originally posted at sweetcrudereports.com
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